High-paying users help Vi narrow loss further in Q2

Mumbai: Vodafone Idea (Vi) narrowed its net loss for the second straight quarter, aided by an improving subscriber mix of higher-paying 4G/5G users, lower finance costs and a one-time exceptional gain.

During the September quarter, Vi’s net loss reduced to ₹5,524 crore versus ₹6,608 crore in the previous quarter. While the company has slowed subscriber churn over recent quarters, the third-largest telco continues to lose users to larger rivals Reliance Jio and Bharti Airtel.