Telecom Services company Vodafone Idea announced Q1FY25 results: Revenue for the quarter stood at Rs 105.1 billion Quarterly EBITDA (pre-Ind AS 116) of Rs 21.0 billion; grew by 4.2% on YoY basis ARPU for the quarter stood at Rs 146 vs Rs 139 in Q1FY24; YoY growth of 4.5% 4G subscriber base increased to 126.7 million vs 122.9 million in Q1FY24 Launched new plans for prepaid and postpaid consumers effective July 4, 2024 Fortified spectrum portfolio; added 50 MHz of spectrum across 11 circles of which 37.6 MHz is sub-GHz Raised Rs 180 billion via FPO - the Largest FPO in India which was subscribed ~7 times Preferential issuance of equity shares worth Rs 20.8 billion to ABG entity (Promoter group) and worth Rs 24.6 billion to Nokia and Ericsson Conversion of OCD worth Rs 16 billion into equity between March’24 to July’24 Akshaya Moondra, CEO, Vodafone Idea, said “Post the recent equity raise, we are in the process of expanding our 4G coverage and capacity as well as launch of 5G services. Some capex has already been ordered and under execution, basis which we expect ~15% increase in our data capacity and an increase in 4G population coverage by ~16 million by end Sep’24. Our current Capex needs are being met out of equity funds. We are engaged with our lenders for tying up debt funding towards the execution of our network expansion with a planned capex of Rs 500 to 550 billion over next 3 years. The recent tariff intervention is a step in the right direction for the industry to move towards better return on investment, as also to improve cash generation to support the large investment requirements. However, further tariff rationalization is needed for the industry to fully cover its cost of capital.” Result PDF