Vodafone India registers a growth of 12.6 percent, 19.4 million 3G users

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Vodafone India is the second largest MNC in India with a revenue of INR 42,352 crores in FY 2015, registering a growth of 12.6 percent, according to the Full Year Results (IFRS) released by the company. Its EBITDA stood at INR 12,605 crores.

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The company’s Operating Free Cash Flow (OFCF) stood at INR 3,228 crores in FY15 compared to INR 7,647 crores in FY14. High intensity of capex spend is also seen in the year, of INR 8598 crores.

“During the year, we made significant capex investments to expand our network and reach while recording double digit revenue growth of 12.6% and enhanced EBITDA margin to 29.6%. All our focus areas – Data, Vodafone Business Services and M-Pesa performed well and maintain a high growth trajectory. We continue to remain the brand of choice across customers segments – from first time data users in the hinterland to high end postpaid subscribers in urban areas,” Sunil Sood, Managing Director and CEO, Vodafone India commented.

“With in-depth knowledge of local markets, a holistic portfolio of products and services across the consumer and enterprise domains plus global experience and learning, Vodafone India is uniquely positioned to play a meaningful role in fulfilling the vision of Digital India,” he added.

The total customer base of Vodafone is around 184 million, serviced through a network of over 130,000 sites, of which over 35,000 are 3G sites. 53 percent of this base are rural, marking a substantial rural presence of 97.9 million.

Vodafone’s data revenue stands at INR 5,690 crores in FY 2015, registering a 65.5 percent Y-o-Y growth. 40 million data users of Vodafone consumes data greater than 1MB. 3G users of the company has exhibited a strong growth, of 175 percent from 7 million in FY 2014 to 19.4 million in FY 2015. The revenue from 3G has also surged by 140 percent YoY, contributing to over 53 percent to data revenue and volume. The 3G usage per subscriber stands at 662MB per month. For less than 1MB users, data per subscriber stands at 532MB per month.

Vodafone Business Services (VBS) too grew at 22 percent overall, amounting to a growth in SME business during the year. Through its M-Pesa initiative, which allows customers to recharge and pay bills on the move also proved to be a success for the company. Around 3 million registered accounts use M-Pesa, doing an overall transaction of 100K per day. This money transfer transactions contribute over 60 percent of overall transactions.

In March 2015, the company has acquired 78.4 MHz spectrum in 12 telecom circles across 900, 1800 and 2100 MHz. It has made an investment of INR25,800 crores and emerged to a competitive position. Its 3G spectrum has expanded from 9 circles to 16 circles, representing 88% of Vodafone India’s service revenues.

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