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Andrew Bonwick
Vice President of Product Development at Relm Insurance
Madhav Sheth
CEO of Ai+ Smartphone
Stephen Rose
CEO Render Networks
Vodafone India today reported a service revenue drop of 23.1% which dubs to Rs 8110 crore for the quarter ended on December 31, 2017, as compared to the same period in 2016. In the global results announcements, Vodafone said that the reduction in IUC (Interconnection Usage Charges) and the intense price competition is to be blamed for the service revenue loss. Vodafone saw a dip of close to 6% QoQ.
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Speaking of Vodafone’s Indian unit, the company said that Prepaid ARPU also remained under pressure, declining by 28% QoQ. The reduction in ARPU explains the increased customer adoption of unlimited packages. “This reflects increased customer adoption of unlimited packages, the continued drag from longer tariff validity periods (which extend the timeframe before subscribers top-up), and regulatory pressure,” said Vodafone in the statement.
On the brighter side, Vodafone India managed to increase the overall customer base by 5.1 million as compared to 4.5 million in Q2. The overall subscriber base as of December 31, 2017, is 212.5 million. Vodafone also stated that the active data customer base grew by 2.2 million in the quarter to 69.9 million, which is supported by strong growth in mobile broadband subscribers of 6.5 million.
Vodafone India also added 19,300 data sites during the quarter as part of the network expansion. “We maintained our local currency adjusted EBITDA margin at 20.1% in Q3, reflecting tight cost control, and we continued to invest in network expansion, adding 19,300 data sites during the quarter,” said Vodafone.
