Indian telecom giants Vodafone Idea & Airtel posts $10.3 billion combined quarterly loss
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Vodafone Idea and Airtel, India's two of the top 3 telecom operators said its consolidated loss has widened to $7.3 billion and $3.23 billion respectively in the Sept quarter, which is the largest-ever quarterly loss in the nation. Vodafone Idea posted a revenue of Rs 108,440 million which is actually down 3.8% since last year. Bharti Airtel's revenue in the quarter was at $2.93 bn. Vodafone India is already in $14 bn debt.