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

Wait 5 sec.

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.