Vodafone India H1 revenue jumps 13.3%
The company registered 39 per cent growth in operating free cash flow at Rs 3,380 crore as compared to Rs 2,430 crore in the same period last year.
While there has been a drop in minutes (182 billion in Q2 against 188 billion in Q1) due to decline in subscribers and seasonality in Q2, Average Revenue per Minute remained stable at 44 paise driven by prudent pricing in first half.
Though Pieters declined to make specific comments on the ongoing 2G auction, he said driven by the outcome of the auction and licence extension, "there will be a lot of clarity" in the regulatory environment going forward.
"In the last few months we have seen a lot of decisions being made by the government, which is good. But a lot more needs to be done," he added.
Talking about one-time spectrum fee, Pieters said the government needs to create a level playing field between private operators and state-run entities -- BSNL and MTNL.
"BSNL and MTNL have a lot of spectrum and they dont use it very efficiently. Also, if I have to pay thousands of crores in spectrum fee, while the competitor doesn't, to me that's not level playing field. There have to be same rules," he added.
Asked about its IPO, Pieters said the company remains committed to bringing out the initial offering.
"We are very serious about the IPO...but its difficult to have an IPO in a
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