Vodafone Idea loss narrows slightly to Rs 7,132 crore; sees ARPU rise

Revenue falls 12.8% YoY but rises 2.8% sequentially

Vodafone Idea (Vi) posted a net loss of Rs 7,132 crore in the second quarter of FY22 as the telecom company continued to struggle with high finance costs and subscriber loss. In the same period last year, it had reported a net loss of Rs 7,218 crore.

This was the first quarterly result of the company after the government’s reform package — a lifeline for the financially stress­ed firm. While the company did not anno­unce any fundraising, it indicated it is in dialogue with lenders for easier loan terms.

The company’s gross revenue declined 12.8 per cent on a year-on-year basis to