Furthermore, the company’s debt from banks and financial institutions stood at Rs 95 billion, while the Optionally Convertible Debentures accounted for Rs 16.6 billion. The net debt, considering cash and cash equivalents of Rs 2.5 billion, stood at Rs. 2,115.1 billion. The debt from banks and financial institutions has been reduced by Rs. 57 billion in the last year (Rs 152 billion in Q1FY23).
Vodafone Idea Q1 2023: Operational highlights
Vodafone added approximately 1,000 4G sites during the quarter and expanded its LTE 900 presence in 14 circles across multiple locations. The company proudly claims to have a 4G network that covers over 1 billion Indians.
Additionally, Vodafone revealed that it is currently in discussions with various network vendors to finalize its strategy for 5G rollout. The company has already completed device testing of all major OEMs on its 5G network and maintains the highest-rated voice quality in the country based on TRAI’s ‘MyCall’ App data for 28 out of 32 months from November 2020 to June 2023.
Vodafone also noted that its 4G subscriber base has continued to grow for the eighth consecutive quarter, reaching 122.9 million. However, the overall subscriber base declined to 221.4 million from 225.9 million in Q4FY23.
The Average Revenue Per User (ARPU) of the telco has improved to Rs 139, a 2.9% QoQ increase compared to Rs 135 in Q4FY23, mainly due to the migration of subscribers to higher ARPU plans.
Moreover, the company has observed high data usage per broadband customer, averaging around 15.7 GB per month. The total data traffic for the quarter has shown a QoQ growth of 3.5%. To cater to customer needs, Vodafone has launched a night data pack called ‘Chhota Hero,’ providing unlimited data access for content consumption during the night.
Denial of responsibility! TechCodex is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, and all materials to their authors. For any complaint, please reach us at – [email protected]. We will take necessary action within 24 hours.
Alex Smith is a writer and editor with over 10 years of experience. He has written extensively on a variety of topics, including technology, business, and personal finance. His work has been published in a number of magazines and newspapers, and he is also the author of two books. Alex is passionate about helping people learn and grow, and he believes that writing is a powerful tool for communication and understanding.
