Vodafone Idea losses widen; telecom firm in talks with banks for debt funding

New Delhi: Vodafone Idea’s losses widened to ₹7,666 crore for the quarter ended March 2024, from ₹6,424 crore the year before, while revenues improved marginally to ₹10,639 crore, on the back of improving subscriber mix, 4G subscriber additions and change in entry level plan. Average revenue per user (Arpu), a key metric of profitability, improved to ₹146, up 7.6% on-year primarily aided by change in entry level plan and subscriber upgrades.