Vodafone Thought’s consolidated loss after tax widened to Rs 7,595.5 crore for the three months ended September 2022 (Q2) from Rs 7,296.7 crore in the identical interval a yr in the past.
The corporate stated its subscriber base declined to 234.4 million from 240.4 million within the first quarter
Akshaya Moondra, CEO, Vodafone Thought, stated “We’re happy to report fifth consecutive quarter of income development and 4G subscriber addition. Such efficiency is primarily pushed by the continued improve in 4G subscriber base on the again of superior information and voice expertise provided by Vi GIGAnet.”
“Our board has not too long ago authorised issuance of Optionally Convertible Debentures amounting to Rs 1600 crore to ATC India. We proceed to stay engaged with our lenders and traders for additional fund elevating to make required investments for community growth and 5G rollout.”
Income for the quarter was at Rs 10,614 crore, a quarter-on-quarter enchancment of two.0 per cent. On a year-on-year foundation, income development was at 12.8 per cent. Capex spend for the quarter stands at Rs 1210 crore in opposition to Rs. 840 crore in Q1FY23.
The overall gross debt (excluding lease liabilities and together with curiosity accrued however not due) as of September 30, 2022 stands at Rs 220,320 crore, comprising of deferred spectrum cost obligations of Rs 136,650 crore (together with Rs 17,260 crore in direction of spectrum acquired in latest spectrum public sale) and AGR legal responsibility of Rs 68,590 crore which can be because of the Authorities, and debt from banks and monetary establishments of Rs 15080 crore.
“We proceed to give attention to increasing our high-speed broadband community protection and capability. We additionally proceed to refarm 2G/3G spectrum to develop our 4G protection and capability in addition to improve our core and transmission community. We’ve shut down 19,000 3G websites through the quarter whereas we added 8,500 4G websites. Our total broadband web site rely stood at 444,228 as of September 2022. Until date, we now have deployed 74,300 TDD websites along with the deployment of 13,800 huge MIMO websites and 13,200 small cells,” it stated.
“Our 4G community covers over 1 billion Indians as of September 30, 2022 (4G protection is the inhabitants reached/lined by VIL with its 4G community). These community funding initiatives proceed to ship a major uplift to our total information capability,” the corporate stated.