Vodafone Idea cuts losses to Rs 7,176 crore in Q2

It said the payment obligations to the Government stood at Rs 212,260 crore as of September 30, 2024 including deferred spectrum payment obligations of Rs 141,940 crore and AGR liability of Rs 70,320 crore.

“The subscriber base, including 4G subscriber, was impacted by the recent tariff hikes. The 4G subscriber base stood at 125.9 million at the end of Q2 of FY25 against 126.7 million as of Q1 of FY25,” the company said.

“However, in the postpaid segment, we have been able to increase our customer base on QoQ as well as YoY basis. While a larger part of this increase is from M2M segment, we have seen consistent increase in retail postpaid customers over last one year, as we are providing optimum range of feature rich offerings to meet the diverse needs of postpaid customers,” it said.

“Immediately post the fund raise, we executed quick and impactful capex resulting in an increase of our 4G data capacity by 14% and 4G population coverage by 22 million reaching to 1.05 billion at the end of September2024 against 1.03 billion in March 2024. During the quarter, we added 42,000 4G sites, the largest ever addition in 4G sites in a quarter by the company,” it said.