Vodafone Idea’s Q2 performance misses expectations
Vodafone Idea Ltd, India’s third-largest telecom operator, on Thursday reported a weaker-than-expected earnings performance in the September quarter, while doubling its capital expenditure on network upgrades.
The Mumbai-headquartered company’s net loss expanded to ₹5,975 crore from ₹5,562 crore a year ago, missing Bloomberg’s estimate of ₹5,263 crore. In the June quarter, it had reported a net loss of ₹3,754 crore on higher expenses and low revenue growth.
