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…
