Vodafone India Q3 service revenue increased 2.3% to reach GBP1.103 billion

By February 4th, 2016 AT 6:36 PM

Vodafone, the country’s second-largest mobile operator, has posted a 2.3% year-on-year growth in its organic service revenues in the third quarter. It said that the quarterly growth rate slowed down due to further competitive pressure, which impacted both voice and data prices and data customer growth. The company’s organic service revenue had increased 5.6% in the second quarter.

Vodafone logo

The unlisted Indian unit of Vodafone Group reported revenues of GBP1.103 billion for the quarter ended December, against GBP1.098 billion a year ago. The telco said that it continued to grow its total customer base, driven by a particularly strong performance in voice, adding 5.4 million customers in the quarter, as compared to 2.8 million customer addition in the second quarter.

“While total voice traffic continues to grow, this was more than offset by a further decline in voice revenue per minute, which fell 9.8% year-on-year as a result of ongoing price competition,” the company said.

Data growth remained strong for Vodafone India, with data usage increasing 64%, supported by an increasing proportion of 3G users, now totaling 25.9 million.

However, the rate of revenue growth slowed in the quarter driven by increased price competition, which resulted in lower unitary prices, down 16% year-on-year, driven by increased bundle adoption which led to a reduction in data revenue growth. The telco added 7,600 3G sites in the quarter, taking its population coverage in targeted urban areas to 94%. “Progress on Project Spring remains strong having already achieved our original site build out plans,” it said.

During the quarter, Vodafone also launched 4G services in two key circles and remain on track to expand this to five circles by the end of this financial year, covering around 45% of current data revenue. The telco’s M-Pesa service continues to expand, with 962,000 active customers and 102,000 agents in the quarter.

Read more on:

2
Leave a Reply

avatar
Photo and Image Files
 
 
 
2 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
2 Comment authors
SaifurUnknown Recent comment authors
newest oldest most voted
Saifur
Saifur

Forcing the customer to get postpaid plan and sending wrong bills to keep revenue up.

Unknown
Unknown

By doing false deduction and applying wrong tactics. This is truly disgusting service provider.

Recent Posts

Bharti Airtel Board of Directors Approved Rights Issue of Rs 25,000 Crore

Bharti Airtel’s biggest rights issue of Rs 25,000 crore will open on May 3 and close on May 17, the...

OnePlus 7 Pro Will be an Ultra-Premium Offering by OnePlus, Likely to Get a Price Tag Over Rs 50,000

The stream of leaks, rumours and speculations related to the latest upcoming OnePlus flagship, the OnePlus 7 isn’t stopping any...

Instagram Testing Co-Watching Feature on Mobile App

Facebook-owned photo-messaging app Instagram is testing a new feature that would let users co-watch on-platform video content with friends while...