Vodafone Thought shares traded at ₹15.59 on the NSE at 10:35 am at present, down ₹2.62 or 0.42 per cent. The drop follows the telecom operator’s Q1 FY 2024–25 monetary outcomes introduced yesterday.
The corporate reported a lowered consolidated internet lack of ₹6,432 crore, an 18 per cent year-on-year enchancment. Income from operations decreased by 1.3 per cent to ₹10,508.3 crore. ARPU rose 4.5 per cent to ₹146, attributed to entry-level pack worth modifications.
Vodafone Thought’s 4G subscriber base grew to 126.7 million, including 3.8 million customers over the previous yr. The corporate plans to develop information capability by 15 per cent and 4G inhabitants protection by 16 million by September 2024.
CEO Akshay Moondra said that present capex wants are being met by fairness funds, with ongoing discussions for debt funding to help community enlargement plans.
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