Vodafone Idea posts lowest quarterly revenue in more than two years

Indian telecom operator Vodafone Idea Ltd (VODA.NS) on Saturday reported its lowest quarterly revenue in more than two years and a wider than expected loss, as it continued to lose subscribers to rivals due to intensifying competition. The company, a joint venture between Vodafone Group (VOD.L) and India’s Idea Cellular, said in a statement its revenue had declined on account of a slowdown in economic activity due to COVID-19 restrictions.

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