Vodafone India income dips 3.4% to Rs13,900 crore in June quarter - News Summed Up

Vodafone India income dips 3.4% to Rs13,900 crore in June quarter


Data browsing revenue growth of 22.3 per cent is lower from the pace of prior quarters, reflecting lower customer growth, which it attributed mainly to the reversal of leap-year effect and lower intra-circle roaming revenues. However, service revenue growth improved to 6.4 per cent as against 5.3 per cent in the previous quarter as voice revenue returned to growth and regulatory impacts came down, the London-based company said in a statement. During the quarter, the company added 3,300 3G sites, taking the total to 59,000 and the population coverage to 96 per cent of target urban areas. Total mobile customers rose 1.4 million giving a closing customer base of 199.4 million as of end June. Mumbai: Vodafone India on Friday reported a 3.4 per cent dip in revenue to 1.57 billion pounds (around Rs13,900 crore) for the three months to June —despite an over 22 per cent rise in data income—bogged down by fall in rupee and income due to regulations.


Source: Mint July 22, 2016 15:40 UTC



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