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Vodafone India reports an 8.7 per cent decline in revenue during the quarter ended June 2017

July 24, 2017

Vodafone India has reported an 8.7 per cent decline in revenue from £1,519 million during the quarter ended June 2016 to £1,387 million during the quarter ended June 2017. Further, the operator’s service revenue declined by 8.3 per cent from £1,510 million million to £1,385 million during the same period. According to the operator, the decline in revenue was a result of continued price competition from the new entrant and incumbents.

Further, Vodafone’s data browsing revenue declined substantially by 15.2 per cent from £303 million during the quarter ended June 2016 to £257 million during the quarter ended June 2017, while the voice revenue declined by 8.6 per cent from £1,011 million to £924 million during the same period. However, the operator expects SIM consolidation in the low-value segment and the growing data usage levels to enable it to a return to more stable revenue flows in the coming quarters.

Meanwhile, the operator’s subscriber base grew by 2.9 million and the total subscriber base stood at 211.9 million during the quarter ended June 2017. Further, the active data customer base grew for the second quarter in a row, increasing to 69.2 million, with the number of 3G/4G customers growing by 3.4 million to 41.1 million during the quarter ended June 2017.

 

 
 

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