Business

Vodafone Idea’s losses mount; Moondra steps down as CEO

Vodafone Idea announced CEO Akshaya Moondra’s resignation amid its ongoing financial losses. COO Abhijit Kishore will take over from 19 August. The telecom operator reported a net loss of ₹6,608 crore for the June quarter, while also facing significant debt and fundraising challenges.

​Vodafone Idea announced CEO Akshaya Moondra’s resignation amid its ongoing financial losses. COO Abhijit Kishore will take over from 19 August. The telecom operator reported a net loss of ₹6,608 crore for the June quarter, while also facing significant debt and fundraising challenges. 

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