Winning Bizness Desk

Mumbai. Vodafone Idea has announced its April-June quarter results by reporting a loss of Rs 7,296.7 crore for the quarter. The loss was Rs 7,318.6 crore in the same quarter last year, a marginal decline compared in this quarter. However, the losses have increased as compared to the previous quarter (Q4FY22). The loss in the previous quarter was Rs 6,563.1 crore.

The company has a debt of Rs 1,990.8 billion

Vodafone Idea's quarterly revenue stood at Rs 10,410 crore, a year-on-year growth of 13.7%. The company's total debt (total gross debt) at the end of the June quarter stood at Rs 1,990.8 billion. This includes Rs 1166 billion for spectrum payments, Rs 672.7 billion for AGR and Rs 152 billion in bank debt. Vodafone Idea's ARPU i.e. Average Revenue Per User grew 23.4% to Rs 128 for the quarter, on account of the tariff hike.

Telco has 24.04 crore customers

Vodafone Idea said that it had 24.04 crore subscribers as of June 30, 2022. The company had 2438 million subscribers in the previous quarter. That is, there has been some decline in the number of subscribers in this quarter. However, the company's 4G customer base is increasing.

Mid and mmWave 5G spectrum taken

In the recently held spectrum auction, the company has acquired mid-band 5G spectrum (3300 MHz band) in 17 priority circles and mmWave 5G spectrum (26 GHz band) in 16 circles. This will enable it to provide customers with a better 5G experience, as well as strengthen our business and provide new opportunities for business growth in the emerging 5G era, the company said.