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Vodafone Idea's quarterly revenue drops nearly 10% on impact of COVID-19 lockdown

Thursday 13 August 2020 | 07:07 CET | News
Indian operator Vodafone Idea posted revenue of INR 106.6 billion in its first quarter ended 30 June 2020, which represents a decline of 9.3 percent quarter-on-quarter, on account of large scale lockdown and disruption of economic activities. Revenue was affected by the COVID-19 lockdown, which reduced the number of top-ups, the acquisition of new customers as well as physical network rollout, the company said.

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Categories: Mobile & Wireless
Companies: Indus Towers / Infratel / Vodafone / Vodafone Idea
Countries: India
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