India's Vodafone Idea narrows quarterly loss on bigger per-user revenue
India's Vodafone Idea narrows quarterly loss on bigger per-user revenue Aug 10 (Reuters) - Vodafone Idea VODA.NS, India's third-largest telecom operator, reported a narrower first-quarter loss on Monday, driven by higher average revenue per user (ARPU) amid more users migrating to higher-value 4G and 5G services.
The debt-laden company's consolidated loss after tax narrowed to 37.54 billion rupees ($393.91 million) in the quarter ended June 30, from 66.08 billion rupees last year.
($1 = 95.3000 Indian rupees)
(Reporting by Aleef Jahan and Anuran Sadhu in Bengaluru; Editing by Harikrishnan Nair)
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