Telecom company Vodafone Idea announced Q2FY23 results: Revenue grew to Rs. 106.1 billion, a QoQ growth of 2.0% (YoY growth of 12.8%) EBITDA (pre IndAS116) improved to Rs. 21.2 billion, vs Rs. 21.1 billion in Q1FY23 ARPU for the quarter stands at Rs. 131 vs Rs. 128 in Q1FY23 (YoY growth of 19.5%) 4G subscriber base increased to 120.6 million (vs 119.0 million in Q1FY23), supported by superior data experience offered by Vi GIGAnet Continued network capacity expansion supported by spectrum refarming and network upgrade Vi continued to offer best voice quality as per TRAI “MyCall” app data for 20 out of 23 months between November 2020 and September 2022 Showcased a wide range of 5G solutions for enterprise and consumers on Vi 5G Live network at recently held India Mobile Congress (IMC) Board approved issuance of Optionally Convertible Debentures (OCDs) amounting to Rs. 16 billion to ATC Telecom Infrastructure Private Limited (ATC India) subject to conditions precedent. Akshaya Moondra, CEO, Vodafone Idea Limited, said “We are pleased to report fifth consecutive quarter of revenue growth and 4G subscriber addition. Such performance is primarily driven by the continued increase in 4G subscriber base on the back of superior data and voice experience offered by Vi GIGAnet. In the recently held IMC, we showcased a wide range of 5G offerings for our enterprise and consumers on the Vi 5G Live network. Our board has recently approved issuance of Optionally Convertible Debentures amounting to Rs. 16 billion to ATC India. We continue to remain engaged with our lenders and investors for further fund raising to make required investments for network expansion and 5G rollout.” Result PDF