Exceptional items widen Vodafone Idea loss
Mumbai: Telecom company Vodafone Idea (Vi) reported a consolidated net loss of ₹5,975 crore in the September quarter which widened from ₹5,524 crore a year earlier, dragged by exceptional charges related to reassessment of assets linked to UK’s Vodafone Group entities.
The company recorded an exceptional loss of ₹462 crore from the remeasurement of settlement assets linked to shares earmarked by Vodafone Group entities. Barring exceptional items, the net loss stood at ₹5,513 crore, marginally lower than ₹5,562 crore a year earlier.
