Vodafone’s India venture pleads for relief after $7 billion loss4 min read . Updated: 15 Nov 2019, 09:06 AM IST
- Vodafone Idea Ltd. took a one-time charge that led to a net loss of ₹50,900 crore loss in the three months through September
After posting the worst quarterly loss in India’s corporate history, Vodafone Group Plc’s besieged local venture is appealing for urgent relief from the government to help avert a collapse. Facing a $4 billion demand from India to cover past dues, Vodafone Idea Ltd. took a one-time charge that led to a net loss of 509 billion rupees ($7.1 billion) in the three months through September.
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