17 - Sep - 2020

Vodafone Idea incurs loss of Rs.5,000 crores in 4 months.

Vodafone Idea’s loss is widening day by day. It has incurred a loss of Rs.5,005.7 crore in the 3rd quarter (October to December) of 2018 – 19. The company’s loss during the 2nd quarter (July to September) of 2018-19 remained at Rs.4,950.5 crore. Further, Vodafone Idea has lost 3.5 crore customers in the 3rd quarter (October to December) of 2018. The financial position of Vodafone Idea only indicates that the entire telecom sector is in a serious crisis.