Vodafone Idea reports Rs 5,005-crore loss for Oct-Dec quarter post merger

Telecom operator Vodafone Idea on Wednesday reported a consolidated loss of Rs 5,005.7 crore for the third quarter of 2018-19. The books of Vodafone Idea recorded comprehensive loss of Rs 1,284.5 crore in the same quarter a year ago.

However, the year-on-year figure is not comparable as the merger between Vodafone and Idea completed on August 31, 2018. The loss, however, widened on a sequential quarter basis. Total income of Vodafone Idea stood at Rs 11,982.8 crore during the reported quarter. The.....

This article is no longer available in our repository.

There could be multiple reasons for this.