Shares of telecom operators - Bharti Airtel, Reliance Industries-owned Jio gained today
Share price of telecom operators Bharti Airtel and Reliance Industries surged on Wednesday, March 3, a day after the companies purchased radiowaves in the spectrum auction 2021. In the two-day spectrum auction, 855.60 MHz of spectrum was bought for ₹ 77,814.80 crore. On Wednesday, Reliance Industries surged over two per cent on the BSE. It opened at Rs 2121.70, touching an intra day high of Rs 2157 and an intra day low of Rs 2107.20, so far. Shares of Bharti Airtel opened on the BSE at Rs 548.25, touching an intra day high of Rs 550.5 and an intra day low of Rs 540.25, so far. (
Vodafone Idea s average revenue per user came in at Rs 121 per month in December quarter.
Shares of Vodafone Idea fell nearly 5 per cent to hit an intraday low of Rs 11.92 on the BSE after it reported December quarter earnings. Vodafone Idea on Saturday said that its net loss narrowed to Rs 4,532 crore from loss of Rs 6,438.8 crore during the same quarter last year. Its revenue from operations declined nearly 2 per cent to Rs 10,894 crore compared with Rs 11,089 crore in the year ago period. On a sequential basis, Vodafone Idea s revenue rose 1 per cent.
Vodafone Idea s operating profit or earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter came in at Rs 4,290 crore while EBITDA margin improved to 39.3 per cent versus 38.5 per cent in the previous quarter. EBITDA improvement was driven by higher revenue as well as incremental opex savings from our cost optimization initiatives, Vodafone Idea said in a statement.