Mobile users lift Vodafone India income up 6.3% to 1.02 billion pounds in Q3 2011-12

By Telecom Lead Team: Vodafone India has posted 6.3 percent
increase in Q3 2011-12 income at 1.02 billion pounds against 963 million pounds
in Q3 2010-11.

Significant addition in mobile user base in India
contributed to the single digit growth. Mobile users touched 14.77 crore. Churn
for post-paid mobile users was 20.7 percent, while pre-paid churn was 71.6

Voice revenue grew to 790 million pounds in Q3 2011-12 from
761 million pounds in Q3 2010-11.

3G roll outs assisted data revenue to move up 30 percent to
83 million pounds in Q3 2011-12 from 64 million pounds in Q3 2010-11. Following
the launch of commercial 3G services in February 2011, 3G was available to
Vodafone customers in 683 towns and cities across 20 circles at 31 December

Messaging revenue during the third quarter was 49 million.

Vodafone said service revenue grew driven by an increase in
the customer base, continued growth in incoming and outgoing voice minutes and
data revenue. At 31 December 2011 data customers totaled 31.2 million.

Whilst the market remains highly competitive, the effective
rate per minute increased slightly compared to Q2 following the penetration of
recent price rises into the customer base.

The company said on 20 January 2012 that the Group received
the judgment of the Indian Supreme Court. The Court concluded that Vodafone had
no liability to account for withholding tax on its acquisition of interests in
Hutchison Essar (now Vodafone India) in 2007.

On 4 February 2012 the Group announced that Piramal
Healthcare agreed to purchase approximately 5.5 percent stake in Vodafone India from ETHL Communications Holdings Limited for approximately INR 30.1
billion taking Piramal’s total stake in VIL to approximately 11 percent.

The Vodafone group’s Capital expenditure was 1.5 billion
pounds, 5.2 percent lower than the same quarter last year, mainly as a result
of timing differences. Year to date capital expenditure was 4.1 billion pounds,
reflecting enhancements to the transmission network in Vodacom and investment
in LTE technology in Germany.

India tops in telecom capital investment by Vodafone in last
4.5 years

Vodafone plc U.K. has invested 4433 million pounds as
capital expenditure in India in the last four and half years, ranking India as
the top investment destination for the mobile major. Vodafone plc completed the
acquisition of Vodafone Essar in India in May 2007.

Germany, between fiscal 2007-08 and H1 FY 2011-12, received
3142 million pounds towards capital investment. Italy attracted 2401 million
pounds as capex during the period.

Between FY 2007-08 and H1 FY 2011-12, Vodafone India’s total
revenue was 13597 million pounds. Vodafone’s German business clocked 33254
million pounds and Italy 24636 million pounds.

[email protected]