Vodafone Idea Removes 25,000 Retail Partners In India To Cut Costs: Report
1 year, 6 months ago

Vodafone Idea Removes 25,000 Retail Partners In India To Cut Costs: Report

News 18  

Cash-strapped Vodafone Idea has removed about 25,000 or about 5-7 per cent of its retail partners in India to cut costs, according to an ET report. It said Vodafone Idea has purged the partners from the multi-brand retailer segment and the company has also stopped paying commissions. In the quarter ended on March 31, 2023, Vodafone Idea’s consolidated loss narrowed to Rs 6,418.9 crore. However, Vodafone Idea reported a widening of loss to Rs 29,297.6 crore for the year ended March 31, 2023.

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