RPT-UPDATE 1-Vodafone Idea makes $7 bln loss after provisions for govt dues [Reuters]
Vodafone Group Plc - American Depositary Shares each representing ten Ordinary Shares (VOD)
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Source: Reuters
RPT-UPDATE 1-Vodafone Idea makes $7 bln loss after provisions for govt dues (Repeats with no changes to text) By Sankalp Phartiyal NEW DELHI, Nov 14 (Reuters) - Indian mobile carrier Vodafone Idea on Thursday reported the biggest quarterly loss in India’s corporate history after making provisions for outstanding government dues. Vodafone Idea, made up of the local unit of Vodafone Group Plc and billionaire Kumar Mangalam Birla’s Idea Cellular, reported a consolidated net loss of 509 billion rupees ($7.13 billion) in the second quarter to September. The company took a charge of 256.78 billion rupees for the quarter after India’s Supreme Court last month upheld a demand by the telecoms department that wireless carriers pay 920 billion rupees in overdue levies and interest. Vodafone Idea and rival Bharti Airtel, two of India’s three main mobile carriers, will have to pay a bulk of this state demand. Bharti Airtel on Thursday reported a consolidated net loss of 230.45 billion rupees ($3.2
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VOD
Sec Filings
- 11/15/24 - Form 6-K
- 11/14/24 - Form 6-K
- 11/14/24 - Form 6-K
- VOD's page on the SEC website