iWorld
Vodafone Idea loses 12.3 million subscribers in Q1 FY22
Mumbai: Vodafone Idea Ltd (VIL) revenue has been declined by 4.7 per cent quarter on quarter (QoQ) to Rs 91.5 billion at the end of the first quarter FY22. EBITDA for the quarter was Rs 37.1 billion, with EBITDA margins at 40.5 per cent vs 45.9 per cent in Q4 FY21. The CapEx spend for the quarter was Rs 9.4 billion vs Rs 15.4 billion in the previous quarter.
The telecom company reported total gross debt (excluding lease liabilities and including interest accrued but not due) of Rs 1915.9 billion, as of 30 June. This includes deferred spectrum payment obligations of Rs 1060.1 billion and AGR liability of Rs 621.8 billion that are due to the government and debt from banks and financial institutions of Rs 234 billion. Cash and cash equivalents were Rs 9.2 billion and net debt stood at Rs 1906.7 billion.
The company said its broadband site count stood at 447,114, lower compared to 452,650 in Q4 FY21 as it continues to actively shut down 3G sites. “Our 4G network covers over one billion Indians as of 30 June,” it added.
The subscriber base has declined by 12.3 million and stands at 255.4 in this quarter vs 267.8 million in the previous quarter. The telco’s 4G base declined to 112.9 million vs 113.9 million in the previous quarter. The subscriber churn was 3.5 per cent in Q1 FY22 vs 3.0 in Q4 FY21. ARPU declined to Rs 104 vs Rs 107 in the previous quarter. The data volumes witnessed strong growth of 13.2 per cent quarter on quarter. Data usage per broadband subscriber surged to 14.6 GB/month vs 12.8 GB/month in the previous quarter.
“The severe second wave of COVID-19 caused significant disruptions and slowdown in economic activities,” said VIL managing director and chief executive officer, Ravinder Takkar. “During these challenging times, VIL continued to serve its customers and community at large by providing seamless connectivity as well as maintaining superior quality of services.”
“Vi GIGAnet’s superior network experience on both data and voice, is testified through top rankings in independent external reports. We continue to focus on executing our strategy to keep our customers ahead, and our cost optimisation plan remains on track to deliver the targeted savings. We are in active discussion with potential investors for fundraising, to achieve our strategic intent,” Takkar added.
Gaming
Roblox appoints Sunil Rao as India managing director to drive growth
Former AWS leader to lead creator ecosystem, partnerships and local strategy
MUMBAI: Roblox has appointed Sunil Rao as managing director for India, as the company looks to deepen its footprint in one of its fastest-growing markets.
Rao, who will join in May, will serve as the senior-most representative for Roblox in India, leading local strategy, partnerships and day-to-day operations. His mandate includes strengthening the platform’s presence, supporting the creator ecosystem and aligning India’s market needs with global priorities.
A key focus area will be nurturing India’s growing community of developers and creators, enabling local studios to leverage Roblox’s tools for scaling and monetisation. Globally, the platform’s creator community earned over $1.5 billion in 2025, underlining the economic potential of user-generated content ecosystems.
“Roblox is at the forefront of enabling a new generation of creators and games. India’s scale, creativity, and entrepreneurial energy present a massive opportunity,” said Rao. “I’m excited to build a vibrant and inclusive ecosystem that empowers developers and creators across the country. Ensuring child safety and aligning closely with India’s regulatory framework will be among my top priorities.”
Welcoming the appointment, Roblox vice president international Zhen Fang said India represents a high-potential market for the company. “Sunil brings deep expertise in building operations across diverse markets, and his passion for community-centric platforms makes him the ideal leader to drive our next chapter of growth in the country.”
Rao brings over two decades of experience across technology platforms, venture capital and developer ecosystems. He was previously part of the leadership team at Amazon Web Services, where he led strategy and corporate business development across Asia-Pacific and Japan. He also served as a partner at Lightspeed Venture Partners, working closely with startups and founders.
Earlier in his career, Rao played a key role in building developer ecosystems at Symbian, Nokia and Google, contributing to the growth of major mobile and internet platforms.
With India’s large youth population and rapidly evolving digital landscape, Roblox’s latest leadership move signals a sharper focus on long-term growth, local relevance and creator-led innovation in the market.
