NEW DELHI : Vodafone Idea Ltd narrowed its net loss to ₹6,438.8 crore in the three months to December from the ₹50,922 crore loss posted in the September quarter, having accounted for most of the liabilities related to adjusted gross revenue (AGR) in the preceding quarter itself. “The earnings show that Vodafone Idea is still under pressure. However, rival operators beat Vodafone Idea on this metric with Airtel posting an ARPU of ₹135, and Jio ₹128.4 in the December quarter. “The tariff increase had limited impact on this quarter’s revenue," Vodafone Idea said on Thursday. To raise funds, Vodafone Idea plans to monetize its 11.15% stake in Indus on completion of the Indus-Infratel merger.

Source: Mint February 13, 2020 13:34 UTC