Vodafone India's Jan-Sept service revenue falls 16%

Vodafone India, the Indian arm of Vodafone Plc today announced its financial results for the first half period of fiscal 2018 and posted revenues of Rs 19,002 crore, a drop of 15.8% over the same period a year ago. Earnings before interest, depreciation, tax and amortisation took a massive 39.2 per cent beating, declining to Rs 4,075 crore from Rs 6,704 crore a year ago.

Idea, India's No. 3 wireless carrier posted a loss of 11.07 billion rupees ($169.45 million) in the quarter ended September 30, compared with a profit of 915 million rupees a year earlier. Idea Cellular has said the business was hit by pricing pressure and GST introduction in a "challenging" operating environment.

Airtel reported a 76.5 per cent plunge in net profit to Rs 343 crore for Q2, while RCom reported a net loss of Rs 2,709 crore. "Amidst continuing intense competition, we delivered a stable performance overall". "We see signs of positive developments with consolidation of smaller operators". Data usage has been growing by around 250 per cent, while enterprise business chipped in 19 per cent of revenue for the reporting period.


By the end of the half year, the company had a total of 67.7 million data users of which close to 45 million consume more than 1 MB data per day. Growth was driven by higher smartphone penetration, now at over 38 percent of the total customer base.

Idea Cellular Ltd. key Products/Revenue Segments include Telecommunication Services which contributed Rs 35256.51 Crore to Sales Value (99.93 % of Total Sales) and Other Operating Revenue which contributed Rs 22.13 Crore to Sales Value (0.06 % of Total Sales) for the year ending 31-Mar-2017.

Media reports have said KKR & Co LP, which along with Canada Pension Plan Investment Board, already owns over a 10th of Bharti Infratel, the only publicly-traded mast operator in India, is leading a group of investors to take control of the company. It did not offer the comparative Arpu for previous year.

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