Post Q1 result announcement, a reason for concern emerged for Vodafone Idea Ltd in the form of its falling 4G subscriber base. The telco, which declared its quarterly results for Q1FY22 on Saturday, has seen its 4G subscriber base shrink, despite its efforts to upgrade the 2G subscribers so that it can improve average revenue per user (ARPU).
According to data, VIL’s 4G subscriber base fell by 1 million in Q1FY22 to 113 million over the previous quarter. The company has always hoped that even while its 2G subscriber base was falling sharply, quarter on quarter, its 4G customers were