Vodafone India added 10 million 3G/4G customers during 2017 and introduced 4G services in all 18 circles where it had acquired 4G spectrum. India service revenue declined 4.9% to €5.83 billion in 2017 from €6.14 billion in the previous 12 months, parent Vodafone Group Plc said in a statement on Tuesday. Vodafone Group reported the financial results of the Indian unit as part of its earnings statement. Part of the charge was reversed following the merger announcement of Vodafone India with Idea Cellular. Vodafone India’s net debt as of 31 March 2017 was €8.7 billion, including €7.1 billion of spectrum-related liabilities.

Source: Mint May 16, 2017 08:05 UTC