{"id":10658,"date":"2021-08-16T09:44:31","date_gmt":"2021-08-16T13:44:31","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=10658"},"modified":"2021-08-17T08:54:28","modified_gmt":"2021-08-17T12:54:28","slug":"vodafone-idea-reports-lowest-quarterly-revenue-in-two-years","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/vodafone-idea-reports-lowest-quarterly-revenue-in-two-years\/","title":{"rendered":"Vodafone Idea Reports Lowest Quarterly Revenue In Two Years"},"content":{"rendered":"\n<p>India&#8217;s Vodafone Idea Limited reported its lowest quarterly revenue in two years after quarterly revenues fell to 91.52 billion rupees from 106.59 billion rupees a year earlier.<\/p>\n\n\n\n<p>The company also posted a bigger-than-expected loss, as the telecoms operator posted a quarterly loss of 73.19 billion rupees, compared with the 65.01 billion rupees forecast, according to Refinitiv data.<\/p>\n\n\n\n<p>While the company continues to lose subscribers to rivals due to increased competition, the company&#8217;s official report released Saturday showed that its subscriber base fell to 255.4 million from 279.8 million a year earlier.<\/p>\n\n\n\n<p>The company, a joint venture between Vodafone Group and India&#8217;s Idea Cellular, attributed the decline in revenues to a slowdown in economic activity, which was hampered by the COVID-19 pandemic restrictions.<\/p>\n\n\n\n<p>Recent developments, including the decision by non-executive chairman Kumar Mangalam Birla to step down, have raised concerns about the company&#8217;s future as it battles losses in sales and debt.<\/p>\n\n\n<p>For more information, read the <a href=\"https:\/\/www.reuters.com\/business\/media-telecom\/vodafone-idea-posts-lowest-quarterly-revenue-more-than-two-years-2021-08-14\/\" target=\"_blank\" rel=\"noopener\">original story<\/a> in Reuters.<\/p>","protected":false},"excerpt":{"rendered":"<p>India&#8217;s Vodafone Idea Limited reported its lowest quarterly revenue in two years after quarterly revenues fell to 91.52 billion rupees.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[26],"tags":[257],"class_list":["post-10658","post","type-post","status-publish","format-standard","hentry","category-mobility","tag-vodafone"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/10658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=10658"}],"version-history":[{"count":4,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/10658\/revisions"}],"predecessor-version":[{"id":10686,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/10658\/revisions\/10686"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=10658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=10658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=10658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}