Voda Idea's revenue market share at all-time low in Q2FY25

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Subscribe to enjoy similar stories. NEW DELHI : Vodafone Idea Ltd’s revenue market share declined to an all-time low of 14.5% for the quarter ended 30 September 2024, as it lost share in all circles despite having reported revenue growth for consistent quarters. Market leaders Reliance Jio Infocomm Ltd and Bharti Airtel Ltd gained at the expense of the country's No.

3 telco as their revenues grew by 14% and 18%, respectively—higher than the sector's 13% revenue growth, showed Jefferies' analysis of Telecom Regulatory Authority of India (Trai) data. Vodafone Idea's investments in networks may be able to arrest the rapid decline in the market share in the coming quarters, but until those investments are completed, market leaders will continue to take share away from the Aditya Birla Group-backed telecom services provider. “VIL’s 2QFY25 market share was 150bps lower vs FY24, and at 14.5%, it is at an all-time low. Considering only partial flow-through of tariff hikes, VIL is likely to continue witnessing growth, which may arrest the pace of market share gains for Bharti/Jio in the future," said Jefferies' note seen by Mint.

Vodafone Idea intends to spend ₹50,000-55,000 crore over the next three years to improve its 4G networks across the country and launch 5G services in key circles. A recent government waiver on submitting bank guarantees is expected to help the carrier get bank loans of about ₹35,000 crore during this fiscal year. Vodafone Idea’s net revenues grew 2% on-year to $4.7 billion in the second quarter, despite a 9% decline in the average active subscriber base to 180 million.