Telco’s loss narrows to ₹7,023 crore in quarter ended MarchCash-strapped Vodafone Idea (VIL) said it is in active talks with potential investors for fund raising, and asserted that ‘floor price’ remains the ‘best and most preferred’ fix for industry’s woes arising from tariff-related issues. VIL confirmed that it has approached the government to extend moratorium on spectrum instalments. On whether VIL had an alternate plan ready if it was unable to raise funds, he insisted, “I don’t think there is any reason to start creating Plan B. VIL’s consolidated loss narrowed to about ₹7,023 crore for the quarter ended March, mainly on the strength of cost optimisation. The loss stood at ₹11,643.5 crore in the year-earlier period.

Source: The Hindu July 02, 2021 22:29 UTC