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Vodafone India service revenue rises almost 14% in June quarter

Growth driven by rise in mobile voice minutes, higher rate per minute and more stable competitive environment
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First Published: Fri, Jul 19 2013. 01 57 PM IST
At the group level, Vodafone Group’s service revenue fell 3.5% to £10.15 billion, the company said on Friday. Photo: Bloomberg
At the group level, Vodafone Group’s service revenue fell 3.5% to £10.15 billion, the company said on Friday. Photo: Bloomberg
Updated: Fri, Jul 19 2013. 06 24 PM IST
New Delhi: Vodafone India Ltd’s service revenue increased 13.8% to £1.09 billion in the June quarter, making India the second-most important market for the UK-based telecom company in terms of revenue growth after Turkey.
At the group level, however, Vodafone Group Plc’s service revenue fell 3.5% to £10.15 billion, the company said on Friday.
Revenue growth in India was driven by a strong increase in mobile voice minutes, a higher rate per minute and a more stable competitive environment, the telco said.
“Strong customer additions benefited from improved subscriber verification processes and a number of operators reducing their presence during the previous year,” the company said in a statement. “Mobile customers increased by 2.7 million during the quarter. Data usage increased by 29% compared to Q4 (fourth quarter) as a result of an increased number of data customers and increased usage per customer, particularly among 3G customers.”
As of 30 June, Vodafone India had 41.2 million active data customers, including about 3.7 million 3G subscribers, it added.
At the global level, Italy and Spain were the main markets that led to the drop in revenue. Group data usage grew by 60%, driven by increasing smartphone penetration, the telecom company said. Smartphone penetration in India was 9.2% and in Turkey, 25.4%, the company said.
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First Published: Fri, Jul 19 2013. 01 57 PM IST
More Topics: Vodafone | revenue | mobile | smartphones | data |
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