Vodafone Idea: The promoter group can help in saving the debt-ridden telecom company Vodafone Idea. In such a situation, the company can get help in returning the loan of Rs 2000 crore.
Vodafone Idea: Vodafone Idea, which has been struggling with financial problems for a long time, has received assurance of help from the promoter group. Giving information on this matter to the stock market on Monday, the telecom company has told that the company had a total debt of Rs 2.11 lakh crore till June 30, 2023. In such a situation, the company needs a loan of Rs 2,000 crore for immediate repayment of the loan, for which the promoter group of Vodafone Idea has assured to help directly or indirectly.
increased loss of the company
The company's loss has increased to Rs 7,840 crore in the June quarter ended in the current financial year. On the other hand, if we talk about last year, during this period there was a total loss of Rs 7,297 crore. In such a situation, a big jump of 7 per cent has been recorded in the losses of the company in the quarter of this year. At the same time, the company's loss between January and March in the first quarter was Rs 6,419 crore.
Increase in average revenue per user
According to the information given to the stock market on Monday, a slight increase of 2 percent has been registered in the total earnings of Vodafone Idea in the first quarter of FY 2023. The company's operation revenue was Rs 10,410 crore in the last quarter, which has increased to Rs 10,655 crore this year. At the same time, a slight increase of 2.9 percent has been registered in the company's average revenue per user and it has increased from Rs 135 to Rs 139 in the first quarter.
Significantly, in the quarter ending April to June, the total debt on Idea-Vodafone has increased to Rs 2.11 lakh. Out of this, a loan of Rs 1.33 lakh crore is in the form of deferred spectrum payment. At the same time, Rs 66,860 crore is outstanding under the head of AGR, which the company has to pay to the government.
CEO said this
Amidst the rising debt of Vodafone Idea, a rapid decline in the number of its users is also being recorded. The number of users in the last quarter was 225.9 million, which has come down to 221 million in this quarter. In the midst of mounting debt, the company's CEO Akshay Mundra has said that the company's daily revenue is seeing an increase in the number of 4G subscribers. In such a situation, he has expressed confidence that the chances of the company's survival in the market have increased in the coming times. Along with this, he said that the company is continuously talking to its lenders to repay its loan and extend its deadline. Along with this, he has expressed confidence to bring 5G service in the coming times.
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