Vodafone Idea narrows loss in Q2, survival hinges on government relief

Vodafone Idea Ltd, India’s third-largest telecom operator, surprised with a better-than-expected performance on a decline in expenses, especially finance costs, in the September quarter.

However, its debt of over ₹2 trillion and repayments starting next year continue to weigh on its finances, making its survival dependent on government relief, according to analysts.