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Vodafone Q1FY19 revenue declines by 22.3% to €955mn; adds 1mn data users

Vodafone

Vodafone India gained 1 million subscribers in India during Q1FY19 ending June 30 2018, with data connections standing at 77 million. Its service revenue declined by 22.3% year-on-year to €955 million (~₹7646cr). In all of FY 2017–18, the company had added 76 million data users. In Q3FY18, they had added 2.2 million data customers. Data use Data usage per subscriber at the end of the quarter stood at 4.6 GB, up from 3.5 GB in the previous quarter. Note that users with less than 1 MB data usage are not taken into consideration for this. Vodafone attributed decline in revenue to decline in interconnect usage charges, and price competition. Overall, Vodafone’s customer base in India stood at 219.7 million. "In India, where competition remains intense, we have now received conditional approval from the Department of Telecoms for the merger of Vodafone…

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