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Vodafone Idea loses 53.2 million subscribers but gains 5.4 million 4G subscribers in Q4FY19

Vodafone

Vodafone Idea said it lost 53.2 million subscribers in Q4FY19 and now has 334.1 million subscribers in all. However, it added 5.4 million 4G subscribers in the quarter, taking its 4G subscriber case to 80.7 million from 75.3 million in the previous quarter.

Metrics

ARPU stood at Rs 104, up 16.3% from Q3

Average minutes of use (MoU) per user rose 662 minutes from 580 minutes in Q3

Data volume grew 9% to 2,947 billion MB, from 2,705 billion MB in Q3

Daily data volume increased by 11.4% to 32.7 billion MB, from 29.4 billion MB in Q3

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Total minutes on the network fell by 1.3% due to the introduction of service validity vouchers

Number of data subscribers (2G+3G+4G) remained constant from the previous quarter at 146.3 million

Number of broadband subscribers (3G+4G) rose to 110.2 million from 107.9 million in Q3

Broadband (3G+4G) population coverage was 69.1%

Financials

The company reported consolidated operational revenues of Rs 11,714.7 crore in Q4FY19, up slightly from Rs 11,678.5 crore in the previous quarter. It posted losses after tax of Rs 4,927 crore, which was down marginally from Rs 5,033 crore in Q3FY19, while total expenses fell to Rs 17,533.3 crore from Rs 18,152.3 crore. Vodafone Idea said it successfully completed India’s largest rights issue, raising Rs 25,000 crore, and that strong promotion from public shareholders resulted in 1.2x subscription for the issue’s public component.

Balesh Sharma, CEO of Vodafone Idea Ltd, said, “We remain focussed on fortifying our position in key profitable districts by expanding coverage and capacity of our 4G network, targeting a higher share of new 4G customers… while also improving cash flows through cost transformation.”

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Download: Financials | Quarterly report

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