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Vodafone India Q3-FY13: 2.5M 3G, 33.1M Data Subs; Data Revenue Up 23.8% YoY

Vodafone India had 2.5 million 3G customers and 33.1 million data customers for the quarter ending December 31, 2012 (Q3-FY13), up from 2.1 million 3G customers and 32 million data customers in the previous quarter. The company reported a data revenue of £94 million (Rs 784 crore) for the quarter, up 10.6% from £85 million (Rs 709.78 crore) in the previous quarter and up 13.25% from £83 million (Rs 692.22 crore) in the same quarter last year. Note that Vodafone’s financial report mentions a 23.8% year-on-year (YoY) growth, citing organic growth related to performance on a comparable basis, both in terms of merger and acquisition activity and movements in foreign exchange rates. The company had attributed this growth to an increase in customers taking data bundles and an increase in 2G data pricing. The messaging revenue for the company stood at £41 million (Rs 341.94 crore) for the quarter, up 13.89% from £36 million (Rs 300.24 crore) in the previous quarter but down 16.32% from £49 million (Rs 408.66 crore) in the same quarter last year. The voice revenues increased to £790 million (Rs 6,617.16 crore) from £773 million (Rs 6,474.76 crore) in the previous quarter. Vodafone's India revenues stood at £1.125 billion (Rs 9,394 crore), up 13.6% from £0.99 billion (Rs 8292.39 crore) in the previous quarter and up 9.9% from £1.02 billion (Rs 8,577.18 crore) in Q3-FY12. The company attributed this growth to a more stable competitive environment in the country, which was offset by the impact of new subscriber verification rules and introduction of regulations to limit the processing fees that operators can charge. Other Highlights -…

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