Q1 2026 Vodafone Idea Ltd Earnings Call Transcript
Key Points
- Vodafone Idea Ltd (BOM:532822) expanded its 5G services to 22 cities across 13 circles, with plans for further expansion by September 2025.
- The company invested INR24.4 billion in CapEx during Q1 FY26, adding over 4,800 new unique 4G towers, enhancing network coverage and capacity.
- 4G population coverage increased by 7% to 84% as of June 2025, with a 36% expansion in 4G data capacity, leading to a 24% improvement in 4G speeds.
- The company reported a year-on-year ARPU increase of 14.9%, reaching INR177, and added 1 million 4G subscribers during the quarter.
- Vodafone Idea Ltd (BOM:532822) launched strategic collaborations, including a partnership with AST SpaceMobile for satellite-based mobile broadband, enhancing coverage in remote areas.
- The company experienced a subscriber decline of 0.5 million during the quarter, although this was an improvement from previous quarters.
- Vodafone Idea Ltd (BOM:532822) faces capital constraints, with ongoing discussions for securing debt funding to support long-term network expansion plans.
- The company's net debt increased by INR6,900 crores, with cash depletion due to CapEx spending.
- There is a delay in the CapEx trajectory, with the company needing additional funding to meet its INR500 billion to INR550 billion CapEx plan over three years.
- The VLR subscriber base saw a decline of 2.6 million quarter-on-quarter, raising concerns about subscriber retention.
Ladies and gentlemen, good day, and welcome to Vodafone Idea Limited Q1 FY26 earnings conference call. (Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Akshaya Moondra, CEO of Vodafone Idea. Thank you, and over to you, Mr. Moondra.
Thank you, Renju. A very warm welcome to all participants to this earnings call. Last week, our Board of Directors adopted the unaudited results for the quarter ending June 30, 2025. All the results-related documents are available on our website, and I hope you had a chance to go through the same.
Let me provide key highlights for the quarter, progress on our investment and its positive impact, along with the update on our key strategic initiatives.
Before I move on to company-specific performance, let me share some thoughts on Indian telecom market and growth opportunities. July 1 marks 10 years of the Digital India mission, a decade of transformative growth and empowerment. The
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