Vodafone India mobile internet revenue up 70%

Vodafone Group has reported 13.5 percent increase in revenue for the quarter ended December 31 to £10.88 billion ($16.52 billion), against forecasts of £10.40 billion.

In India, service revenue increased by 15.0 percent with acceleration in quarterly revenue trends driven by data uptake and customer growth, the company said. In Q2, the growth was 13.2 percent.

Vodafone India revenue in third quarter stands at £1103 million (Rs.10,360 crore approx)

Data revenue for Vodafone India continued to grow stronger, with mobile internet revenue up by 70 percent.

The company saw 30 percent growth in data customers to 59 million at the end of the quarter.

Vodafone has 16.6 million 3G users in India, and the company reported 40 percent growth in average data usage per customer.

Total mobile customers increased by 4.8 million in the quarter, with a closing customer base of 178.7 million in India.

“We continue  to make good progress on Project Spring with 5,500 radio sites added in the quarter, (26,000 since the build commenced) taking our 3G outdoor coverage in targeted urban areas to 90 percent. The expansion of our retail store footprint also remains on track. M-Pesa continues to expand and now has 337,000 active customers, generating 78,000 transactions per day, supported by over 85,000 agents,” the company said in a statement.

editor@telecomlead.com