Vodafone India, country’s second largest telecom operator today posted 16.5 per cent jump in revenue at Rs 20,476.3 crore for 6 months ended September 30 on account of strong growth in voice minutes and data usage.
India has become the third largest contributor to the UK-based Vodafone Group’s services revenues.
The company had logged Rs 17,581.3 crore revenue in the first half of the previous fiscal, 2012-13.
Vodafone India is also planning to invest £700 million (about Rs 7,100 crore) in the next 2-3 years, mainly on rolling out 3G networks.
This amount will be in addition to Rs 4,000-6,000 crore annual investments the company has been making in recent years. The investment will be part of Project Spring under which Vodafone Group will invest £7 billion by March 2016.