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 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 India and Idea Cellular, which we aim to close before the end of August,” said Vodafone CEO Vittorio Colao.
Prepaid average revenue per user (ARPU) continued to decline: it currently stands at Rs 79, a dip of 27% from the same quarter last year.
Note that following the announcement of the merger of Vodafone India and Idea Cellular, Vodafone India has been classified as discontinued operations for Vodafone Group’s reporting purposes. Hence, since Q2FY18, detailed financial performance hasn’t been published.
Merger with Idea Cellular
In July, the Department of Telecommunications gave its final approval to Vodafone and Idea’s merger. The Vodafone–Idea merger had already received statutory approvals from SEBI (August 2017), NSE, BSE, CCI (July 2017), National Company Law Tribune Mumbai and National Company Law Tribune Ahmedabad.
Vodafone expects to complete the merger fully by the end of August.