Vodafone Idea expects subscriber losses from tariff hike to reverse soon

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Vodafone Idea expects subscriber losses from tariff hike to reverse soon - Business Standard

Quick Summary:

Despite adding a record Rs 42,000 4G sites in Q2, the company’s 4G subscriber base was impacted by the tariff hikes, shrinking by 0.8 million to 125.9 million in Q2.

After losing subscribers for nearly two years straight, state-owned telecom BSNL added 2.9 million and 2.53 million users in July and August respectively.

On a sequential basis however, the firm’s net loss was 11.5 per cent higher than the Rs 6,432 crore loss in Q1.SBI announces 0.