Videocon Telecom has reported an increase of 61.06 per cent in its gross revenues from Rs 1.13 billion for the quarter ended September 2013 to Rs 1.82 billion for the quarter ended September 2014. The operator witnessed growth in its data business, from which revenue grew by 160 per cent year on year for the quarter ended September 2014. Also, the telecom operator experienced a 71 per cent year on year improvement in realisation of data per GB for the quarter ended September 2014.
The minutes of usage on the network improved by 40 per cent while the average revenue per user increased to Rs 155 for the quarter ended September 2014. Further, the growth was supported by a 15 per cent year on year improvement in its gross rate per minute in July-September 2014. As on September 2014, Videocon Telecom had a subscriber base of 8.3 million.
Arvind Bali, Director and CEO, Videocon Telecom said ?We are happy with the month on month growth that we are registering. We have been focussing on our gross level growth i.e. gross revenue, net revenue and subscriber base, and unit level growth including ARPU, GRPM and data/VAS contribution to gross revenue. Being a new entrant in the industry, our strategy was to attain incremental customer and revenue market leadership in our operational circles, and as we speak, we are very much getting there. We witnessed a healthy growth in business over the same period in the last financial year. This growth can be attributed to many factors such as steady growth in subscriber base, growth in minutes of usage, growth in data revenue, growth in average revenue per user and growth in gross revenue realised per minute. We aim to maintain and accelerate this growth rate further.?
