Vodafone India Q3 revenue up 7% on data surge

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New Delhi | February 06, 2015 3:40 AM

British telecom major Vodafone Plc’s India unit, Vodafone India, reported a revenue of Rs 10,348 crore (1.1 billion pounds) for the quarter...

British telecom major Vodafone Plc’s India unit, Vodafone India, reported a revenue of Rs 10,348 crore (1.1 billion pounds) for the quarter ended December 2014, registering 7% growth from the previous quarter.

Revenue during the quarter grew 17.7% from the corresponding period a year ago, when it reported a revenue of Rs 8,815 crore (937 million pounds). Its Q3 growth was the highest across markets, thanks to a 70% surge in data revenue.

“This was supported by 30% growth in data customers to 59 million, of which 16.6 million were 3G, and 40 % growth in average data usage per customer. Voice rates per minute remained flat, with average minutes of use down 6.6 %,” Vodafone India said in a statement.

“We have achieved another quarter of improving revenue trends in most of our major markets. Growth in India has accelerated again, driven by data,” Vodafone Group chief executive Vittorio Colao said in a statement.

Vodafone India subscriber base at the end of December 2014 was over 178.7 million, with 4.8 million new subscribers added in Q3.

“We continue to make good progress on Project Spring with 5,500 radio sites added in the quarter (26,000 since the build commenced), taking our 3G outdoor coverage in targeted urban areas to 90 %,” the company said.

Vodafone said the expansion of its retail store footprint remains on track.

“M-Pesa continues to expand and now has 337,000 active customers, generating 78,000 transactions per day, supported by over 85,000 agents,” explained Vodafone.

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