Millennium Post
Business

Vodafone India rings in 13% Q1 revenue rise

British telecom major Vodafone, which is facing tax dispute of Rs 11,217 crore in India, on Friday said that revenue in the country grew by over 13 per cent to Rs 9,933.42 crore (GBP 1,091 million) during first quarter ended 30 June.

'In India service revenue was up over 13 per cent driven by a more stable pricing environment, an improved process of customer verification and continued strong data revenue growth,' Vodafone said.

The India business pushed Vodafone's revenue growth in Asia, Middle East and Asia Pacific (AMAP) region.

'Growth was driven by a strong increase in India and robust performances in Vodacom, Egypt, Ghana and Qatar, partially offset by service revenue declines in Australia and New Zealand.'

In India, the company saw increase in mobile internet usage by 29 per cent compared to its previous quarter due to increased number of data (internet) customers and increased usage per customer, particularly amongst 3G customers.
Next Story
Share it