Vodafone India Q1 revenue up 10% at Rs 10,323 cr
Telecom operator Vodafone on Friday reported increase of about 10 percent in its services revenue at Rs 10,323 crore in first quarter ended June 30, 2014-15.
New Delhi: Telecom operator Vodafone on Friday reported increase of about 10 percent in its services revenue at Rs 10,323 crore in first quarter ended June 30, 2014-15.
"India Service revenue increased 10.3 percent, driven by continued customer growth, strong data usage and improved voice pricing," the UK-based Vodafone said in its financial report.
The company had registered revenue of about Rs 9,375 crore in the April-June period of the last fiscal, 2013-14.
Vodafone India revenue in terms of GBP, however, declined by about 6 percent due to about 17 percent dip in value of the rupee against British pound.
During the first quarter, the company's mobile customers increased by 3.3 million taking its total customer base to 169.9 million.
Vodafone India saw increase in Internet services by 102 percent during the quarter, primarily driven by mobile Internet customer growth and 46 percent increase in usage per customer.
As of June 30, active Internet customers of Vodafone India stood at 57 million, including 10 million 3G customers and 29 million smartphone users representing 17 percent penetration of the customer base, the report said.
Vodafone has plans to increase 3G coverage in the country to 95 percent at its targeted urban centres from 89 percent coverage at present over period of next 2 years.
"In India, where we aim to have 95% 3G outdoor coverage in targeted urban areas over the next two years, we have taken 3G coverage on this footprint to 89%, with a further 2,305 sites added," the report said.