Vodafonewatch

Vi reports further losses as government takeover looms

2022-01-24T16:47:00

Vi reports further losses as government takeover looms

Source: Sohel Patel / Pexels

Net loss grows 60% year-on-year, with revenue down 10.7%. Earnings report comes amid expectation that Indian government will take majority stake in struggling JV. Absence of annual profit since launch of Reliance Jio in 2016.

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