Videocon Telecom registers 98% growth in Data Revenue in Q1 2015-16

Videocon Telecom, posted an impressive 43% growth in its Net Revenue for GSM business in Q1 FY 2015-16 over same quarter last financial year. The telco is targeting consolidated Top line Revenue of 3000 Cr in year 2015-16.

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Going aggressive on Customer acquisition, Videocon Telecom achieved 32% growth in its Subscriber base over same quarter last year. While, the June 15 Industry Net subscriber addition no’s are still awaited, within April & May 2015, against the industry net subscriber addition (-) 90K in the 4 operational circle of the telco, Videocon Telecom added 311K Net subscribers addition. The telco plans to acquire 10Mn new subscribers this financial year.

Despite the impact of increase in Service tax incidence and reduction in Roaming rates, Videocon Telecom reported a 21% improvement in its NRPM (Net rate per min) in Q1 this year over previous year. The Telco also reported a 15% growth in its minutes of usage during the same period.

Owing to its strategy to upgrade its Network to 2.75 G EDGE, the telco has been substantially growing its data revenues. Videocon Telecom has doubled its data revenues in Q1 this year over same quarter last year, surpassing the industry growth. Data now contributes to approx 12% of the Telco’s Gross Revenue and the company aims at taking up the data contribution to GR at 15% by end of current Financial Year.

After delivering one of the fastest EBITDA positive in Telecom history in its Punjab circle, the telco is targeting EBITDA positive in its MP and Haryana circles by the end of this financial year