Vodafone Idea (Vi) reported a loss for Q2 FY26, while emphasizing its commitment to expanding 4G coverage and rolling out 5G services. The company’s 4G network now covers 84.4% of the population, with plans to increase it to 90%. Vi’s 5G services are now available in 29 cities. Customer ARPU increased to ₹180. The company is actively working to secure debt financing for its capex plans.
Financial Performance
Vodafone Idea Limited (Vi) reported revenue from operations of ₹111.9 billion for Q2 FY26, a 2.4% year-over-year increase. However, the company also reported a loss for the quarter. Customer ARPU (excluding M2M) grew to ₹180, compared to ₹166 in Q2FY25. The total subscriber base reached 196.7 million, including 127.8 million 4G/5G subscribers.
Network Expansion and 5G Rollout
Vi continues to invest in expanding its 4G and 5G network infrastructure. As of September 2025, 4G network coverage reached 84.4% of the population. 4G data capacity increased by approximately 38%, leading to a 17% improvement in 4G speeds since March 2024. The company aims to increase 4G population coverage to around 90%. Vi’s 5G services have been launched in 29 cities, covering all 17 priority circles. Total broadband site count is approximately 527,000.
Strategic Initiatives
Vi launched ‘Vi Finance’ on its app, providing access to personal loans and credit cards. The company has partnered with Aditya Birla Capital and InstaMoney to expand financial services. Furthermore, the company has deployed an Al-powered Cyber Defence and Incident Response System. The company introduced ‘Vi Protect’, featuring Al-powered spam voice call protection. Vi also enhanced its international roaming services to cover more than 150 countries.
AGR and Debt Reduction
The company welcomes the Hon’ble Supreme Court’s judgement on the AGR (Adjusted Gross Revenue) matter and is in discussion with the DoT (Department of Telecommunications) for next steps. The debt from banks was reduced to ₹15.3 billion as of September 30, 2025.
Source: BSE
