Birla had recently met senior government officials as well, to discuss severe cash crunch in the sector and seek a deferral on some spectrumrelated payments due in March.
Idea, which reported its first quarterly results last week, clocked an
ARPU of Rs 88 compared with Bharti Airtel’s Rs 101 and Jio’s Rs 131. It
posted a net loss of Rs 4,974 crore with operating margin of 8.1% and a
net debt of Rs 112,500 crore.
Sharma said it wasn’t just Vodafone Idea but the whole industry that was suffering. He expects better times in the hope that customers who paid high tariffs for fewer services won’t mind paying a bit more in future for better services.