Capital expenditure orders have surpassed Rs 13,200 crore to drive the company's network reach, with nearly Rs 6,000 crore worth of work already completed. Company official Kishore highlighted that customer additions are being sustained through infrastructure improvements and tailored prepaid offerings. Meanwhile, second-quarter revenue rose 6.2% year-on-year to Rs 11,884 crore, even as net losses increased to Rs 5,979 crore and sequential EBITDA experienced a minor decline.
Key points
Vodafone Idea is holding active discussions to raise additional funding to support its ex…: Vodafone Idea is holding active discussions to raise additional funding to support its extensive operational initiatives.
Product offerings such as free international roaming and family prepaid plans are being u…: Product offerings such as free international roaming and family prepaid plans are being used to support subscriber momentum.
Quarterly earnings before interest, taxes, depreciation, and amortisation fell 1.1% seque…: Quarterly earnings before interest, taxes, depreciation, and amortisation fell 1.1% sequentially to Rs 4,981 crore from Rs 5,034 crore.
Sources checked by our analysis pipeline: 1
'Our focus continues to remain firmly on execution,' Kishore said, adding that the company's Q2FY27 performance reflected 'steady progress' against its priorities.
The company has seen a continued improvement in net subscriber additions, supported by network expansion and an enhanced customer experience, he said in a release to the exchanges.
Vodafone Idea has also introduced new offerings aimed at strengthening its customer proposition, including free international roaming and family prepaid plans.
“Our refreshed brand identity and related campaigns are resonating well with our subscribers,” Kishore said.
Also Read | Vodafone Idea Q2 Results: Loss widens to Rs 5,975 crore, revenue rises 6% YoY; ARPU jumps to Rs 198
Capex push
Vodafone Idea has placed capital expenditure orders worth more than Rs 13,200 cr, of which nearly Rs 6,000 cr has already been executed, according to Kishore.
The company is looking to accelerate network expansion as it makes progress on discussions to raise funding.
“Encouraged by our progress in discussions to raise funding, we are confident to place additional orders and sustain the momentum in our network expansion,” Kishore said.
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