wordpress blog stats
Connect with us

Hi, what are you looking for?

Falling revenues, depleting subscriber base, 5G readiness: Vodafone Idea Q1FY20 earnings

Vodafone Idea's revenue for Q1FY20 stood at ₹11,775 crore — a 4.3% decrease from the last quarter, Q4FY19. The company's revenue was less than Bharti Airtel's (₹15,345 crore) and slightly more than Reliance Jio's (₹11,679 crore) in the first quarter of FY2020. The telecom operator saw a marginal decline in net losses — ₹4,873.9 crore in this quarter, compared to ₹4,881.9 in Q4FY19. Performance Metrics Total subscriber base (2G+3G+4G) declined to 320.0 million from 334.1 million in Q4FY19. ARPU now stands at ₹108, up 3.8% quarter-on-quarter vs ₹104 in Q4FY19. This is less than the ARPU of both Bharti Airtel (₹129) and Reliance Jio (₹122). The company added 4.1 million 4G subscribers taking its overall 4G base to 84.8 million subscribers at the end of the June quarter. Total minutes on the network declined by 3.8% during the quarter. Data volumes grew by 9.3% to 3,222 billion MB compared in the last quarter. Broadband subscriber base for the quarter stands at 110.5 million. Scoop on Vodafone Idea In the investors’ call, Vodafone Idea’s (now former) CEO Balesh Sharma, and CFO Akshaya Moondra talked about the company's falling revenues, reasons behind a depleting subscriber base, shutting down of Aditya Birla Idea Payments Bank, content partnerships and more: Reason(s) behind the fall in revenue this quarter: Two major reasons according to Sharma: “Churn of customers on minimum ARPU plans and the down trading of high ARPU customers led to the revenue decline of 4.3% this quarter.” — Sharma Is Vodafone Idea cash strapped and needs…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

News

The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ