wordpress blog stats
Connect with us

Hi, what are you looking for?

Vodafone Had 31M Data Subs At End Of Q1-FY13; Service Revenue Down 1% YoY

Vodafone‘s India services revenues for the quarter ended 30th June 2012, was at GBP 1029 million, a decline of 1% YoY. Note that Vodafone’s financial report as well as presentation slides mention a 16.2% YoY growth in service revenues, citing organic growth related to performance on a comparable basis, both in terms of merger and acquisition activity and movements in foreign exchange rates. According to the company this growth was driven by an 8.6% increase in the closing customer base, strong growth in incoming and outgoing mobile voice minutes and 1.6% growth in the effective outgoing rate per minute. However, growth this quarter was 4.9% lower than Q4 FY12, which had benefited from higher year-on-year customer growth, according to Vodafone.

According to the company, the quarter saw the introduction of regulatory changes which impacted the way integrated tariffs could be offered to customers. There was also a lower rate of growth at Indus Towers following a slow down in tenancies from new entrants and a change in the pricing structure for some existing customers.

Revenue from voice services decreased 3.9% quarter on quarter to GBP 809 million.

There was a decline in messaging revenue – Messaging revenue was at GBP 38 million, a decline of 25.49% compared to last quarter’s revenue of GBP 51 million.


The company’s data revenue also increased to GBP 83 million, down % QoQ. Messaging and data contributed around 11% to the company’s service revenue. The company has stated that it had 31 million data customers at the end of 30th June 2012, including around 1.7 million 3G data customers. The company had reported 35.4 million data subcsribers at the end of Q4-FY12, so there seems to be a decline.

3G was available to Vodafone customers in 860 towns and cities across 20 circles at the end of the quarter. Data revenue grew by 12.4% driven by the increase in data customers and higher penetration of data enabled handsets, as well as successful promotions, as per the company.

– ARPU: Vodafone India’s (blended) ARPU increased quarter on quarter at Rs 180 from Rs 179 in the previous quarter.

– PostPaid: Postpaid ARPU marginally decreased to Rs 717 quarter on quarter, from 735. Prepaid ARPU increased marginally from Rs 151 to Rs 152 during the quarter.

– Churn: Postpaid churn increased to 21.3%, while prepaid churn dipped to 76.5%. Please keep in mind that Vodafone accounts for churn over four consecutive quarters.

– Minutes of Use: increased to 148.042 billion from 142.12 billion, even though there was a price hike.

– Tax Case & Retrospective Taxing: On 20 January 2012 the Group received a favourable judgment from the Indian Supreme Court in respect of the tax case regarding the acquisition of Vodafone India Limited in 2007. The Court concluded that Vodafone had no liability to account for withholding tax on its acquisition of interests in Hutchison Essar Limited (now Vodafone India Limited) in 2007.

However on 16 March 2012 the Indian Government, through its budget announcement, proposed new retrospective tax legislation, which, if enacted, would countermand the verdict of the Indian Supreme Court and impose tax, interest from 2007 and, potentially, penalties on Vodafone International Holdings B.V (‘VIHBV’), not withstanding the verdict of the Indian Supreme Court. Vodafone noted that the Finance Bill, 2012 received Presidential assent and became law on 29 May 2012.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like


The Delhi High Court on Monday refused to stop Amazon from pushing regulators to stop the sale of the Future Group’s businesses to Reliance...


Pine Labs has raised around $100 million in fresh funds from Lone Pine Capital, a hedge fund based in the United States, at a...


Restaurant aggregator and food delivery company Zomato has raised US$660 million (over ₹4,850 crore), taking its valuation to ₹3.9 billion. CEO Deepinder Goyal tweeted...


Minister of Road Transport and Highways Nitin Gadkari said on December 17 that GPS-based tolling will replace toll plazas in two years, The Hindu...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ