Vodafone India Service Revenue Dropped 0.5% at Rs 42,956 Crore, ARPU at Rs 158

Vodafone India, the country’s second-largest telecom operator’s service revenue dropped 0.5% to Rs 42,956 crore in the fiscal year 2017. It said that it maintained service revenues despite aggressive launch by Reliance Jio in September last year.

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The telco’s overall revenue declined 0.6% to Rs 43,095 crore in the fiscal year. The telco’s net debt for the fiscal year is Rs 602 billion. Vodafone India’s data browsing revenue went up 5% to reach Rs 8,467 crores.

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Vodafone’s EBITDA declined 10.2% to Rs 11,784 crore from Rs 13,115 crore in the last fiscal year. The telco’s subscriber base increased 5.6% year-on-year at 209.1 million. Its overall data user base declined 1% at 66.9 million in the fiscal, while 3G and 4G user base surged 35.9% at 37.7 million, the company said in a statement.

“Amidst an unprecedented and intensely competitive environment, we delivered a stable performance while recording a strong gain of 0.7ppt in RMS YTD Dec 16; increasing our customer base past the 200 million subscriber mark; and expanding our Vodafone SuperNet 4G presence to 2,400 towns by utilizing the spectrum bought during the year,” Sunil Sood, Managing Director and CEO, Vodafone India said in a statement.

The company said that it sustained and prioritised capital investments of Rs 8,311 crores in FY17, driven by significant investments in new broadband site roll-out to deliver superior customer experience and growth in key focus areas.