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Vodafone Sees Healthy Growth In Its India Operations
Vodafone Plc. the Britain based Telecom giant has been growing really well in India and as per the latest financial figures released, the country seems to be its best bet.
India is now officially the only country that has been the most kind to the company as per its own admittance. As per its ‘Interim Management Statement for the Quarter Ended 31 December 2013’ Vodafone registered 13.2% growth in India. While this may not seem much, compared to its barely positive growth in Turkey (3.9%), and negatory trend in UK (-5.1%), Germany (-7.9%), Spain (-14.1%) and Italy (-16.6%), India is like a heaven to the company.
Vodafone’s Statistics in India: Vodafone India’s Mobile Internet User Base grew by 38% in the 4th Quarter of 2013 to reach 45.7 Million and saw strong Data Usage growth among customers especially in 3G users. An average 3G users on Vodafone’s network now consumes more than 700 MB Per Month. As compared to some other players, this is almost triple! Considering all aspects, Vodafone has registered a whopping 117% growth in the Data Usage!
The company’s Service Revenue grew by 13.2% largely attributed to higher Customer Base, Improved Voice Pricing and Strong Data Growth. Speaking of Customer Base, Vodafone added 4.9 Million new subscribers in the last quarter of 2013. Its total Subscriber Base now stands at 160.4 Million, which is an almost 9% Jump in a single year. The only concern for the company could be the fact that almost 94% of its customers are sticking to Pre–Paid.
It appears Vodafone is so confident about the Indian Territory that it recently applied and has been just granted the permission to wholly own its India Operations. Let’s see how well India treats Vodafone, now that it will start to withdraw the perks.
Source | Vodafone
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Source: http://www.watblog.com/2014/02/07/vodafone-sees-healthy-growth-in-its-india-operations/
