For the quarter in which Vodafone clocked 41.2 million total data customers and 3.7 million 3G customers, it reported total data revenues of £123 million, up 14.95% from £107 million data revenues. Here are some notes from the conference call: - India 4th largest business: Vodafone is now seeing a much healthier environment in India, which has led to 13.8% service growth revenue during the quarter, when compared to 7.8% growth in the previous quarter. On a service revenue basis, India is now Vodafone's fourth largest business. - Vodafone's average base was up 3% quarter on quarter (QoQ). The consolidation due to exit of smaller players has allowed Vodafone to harden the pricing in India, with the pricing going up 6% QoQ. - Browsing revenues in India is up 70% year-on-year, 3G revenue was up 190% and 2G revenue was up 60%. 3G now represents 30% of the browsing revenues. - The company has seen less price discounting which has led to an increase in outgoing voice prices, thereby resulting in higher ARPU. - Customer growth was strong at 2.7 million subscribers partly due to improved processing of subscriber verification requirements. - Smartphone penetration in India doubled during the year to 9%, which has led to a 128% year-on-year increase in data usage. - Regulatory uncertainties: Despite positive market conditions, Vodafone continues to face several regulatory uncertainties regarding spectrum pricing and availability. The company had three regulatory small hits - national roaming, SMS termination and VAS which might result in a drop of 1.5%…
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Vodafone Q1-FY14 Concall: 3G Revenues Up 190% YoY In India; Contributes 30% Of Browsing Revenues
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