HOME > BUSINESS > Vodafone says no India IPO this year, revenue up 5.9%

Vodafone says no India IPO this year, revenue up 5.9%

vodafoneKeeping the volatile market conditions in mind, said Vodafone, there would be no initial public offering of its Indian units’ shares this year.

Vodafone said it intends to proceed with an IPO of Vodafone India as soon as market conditions allow. “We do not expect this to take place during the current financial year,” it added.

The company, which took a whopping Rs 36,500 cr impairment charge due to increased competition in the Indian market, said service revenue from the country grew by 5.9% on year in rupee terms in the three months to September.

In comparison, Idea Cellular reported revenue growth of 7% for the same three months.

Data revenue increased 16% year on year while voice revenue increased 2.7%.

Excluding regulatory drags including mobile interconnect charge cuts, roaming price caps and an increase in service tax, the quarterly rate of growth was 6.3% year on year, it said.

“This underlying slowdown was mainly driven by lower data revenue growth resulting from increased competitive pressure.”

Data revenue growth slowed from 22% in Q1 to 16% in Q2.

“This was driven by a flattening of unique data user growth quarter-on-quarter, reflecting the impact of ‘free’ promotional offers from a new entrant,” the company said, referring to Reliance Jio.

Vodafone’s data customer base at the end of September was 69.6 million, down from 69.7 million three months earlier.

Overall data pricing declined 14% year-on-year, while data usage per customer continued to grow strongly to 504 MB on average, up 28%.

“Our 3G and 4G customer base continued to grow to 36 million, up 51%, and smartphone penetration is now 35%,” it added.

Voice revenue growth increased to 2.7% in Q2 from 2.2% in the preceding quarter. Total mobile customers increased 2.8 million over the period, giving a closing customer base of over 200 million for the first time.

During the period, the company added 4,100 new 3G sites, taking the total to 63,000. Total 4G sites was at 13,000. In comparison, Idea Cellular had around 25,000 4G sites at the end of September.

“We now have a strong position for our future 4G needs and plan to extend our 4G footprint from 9 to 17 circles by the end of the current financial year. These circles cover around 91% of our service revenues and 94% of our data revenues,” it said.

Follow ULTRA.news
Bharti Airtel dismayed, Vodafone disappointed by TRAI IUC cut As expected, incumbent telecom operators have expressed their disappointment with the regulator going ahead with cutting the interconnect charges paid by one operator to another at the time of handing off internetwork calls.The operators are likely to approach the government ...
Ambani suddenly looks like the smart guy after TRAI termination charge cut Operators such as Bharti Airtel, Vodafone, BSNL and Idea Cellular are likely to cut call tariffs for 2G and 3G users after TRAI decision to cut 'termination charges' to 6 paise per minute from 14 paise.More importantly, the bet that Mukesh Ambani placed by making voice free s...
Idea Cellular raises 4G plan prices by 25%, 84-day pack now at Rs 505 Even as Reliance Jio continues its slow move towards 'full pricing' of its services, rival Idea Cellular has taken a step towards increasing promotional 4G pack prices across its tariff cards.While the operator was offering 1GB data per day for 84 days at around Rs 400 in ke...
50% of Idea Cellular cell-sites now have 3G or 4G Idea Cellular said it has now achieved 3G or 4G penetration for 50% of its cell-sites."Idea added nearly 50,000 broadband sites over the last 12 months period ending August ’17, growing its broadband footprint to cover 5,888 Census towns and nearly 105,755 villages, reaching...
RCom to shut down 2G GSM network in Gujarat Reliance Communications said it has asked subscribers in Gujarat to move to its 4G network as its 2G spectrum in the state is expiring at the end of this month."The Company has initiated migration of its customers in Gujarat circle to an all 4G network, prior to expiry of 2G ...
Vodafone offers unlimited voice, data in 18 countries at Rs 5000/month Vodafone today introduced an unlimited roaming pack for Indian users in 18 countries priced at Rs 500 per day or Rs 5,000 per month.Both incoming and outgoing calls as well as data usage will be free.“We launched our flagship unlimited international roaming proposition...
Bharti Airtel starts VoLTE roll-out, service live in Mumbai Bharti Airtel launched its Voice over LTE (VoLTE) services today, starting in Mumbai, and said call charges will remain the same.Airtel VoLTE, which works over 4G, will offer customers HD quality voice calls along with faster call set up time."Airtel VoLTE will be availab...
Bharti Airtel unveils 5GB-per-day 4G pack Bharti Airtel has become the first operator in India to break the 2GB-per-day cap under its daily data plans, offering up to 5GB per day under its various plans. Under the new plans, customers can recharge for various denominations that allow them to get 1 GB, 2 GB, 2.5 GB, ...
Reliance Jio corners 91% of data card market; could hit BSNL broadband The shipments data cards or dongles in India jumped 15% in Apr-June period compared to the previous three months, thanks to aggressive sales of Reliance Jio Mifi devices.The Ambani company had a 91% share of the dongle market in the country during the period, said CyberMedia...
BSNL to “shortly” launch 4G with VoLTE, Reliance Jio to face competition Players like Bharti Airtel, Idea Cellular and Vodafone are heaving a sigh of relief that Reliance Jio has not unveiled any 'monsoon surprise' offer. However, state-owned BSNL may be about to increase the competition in the market with the launch of its 4G services shortly.An...
Idea launches 4G in Srinagar, offers 84 GB for Rs 392 Idea Cellular, India's third largest telco by revenue, launched its 4G services in Srinagar.This is the 26th town in Jammu & Kashmir to get Idea 4G services, which are also present in Jammu, Udhampur, Katra, Samba, Poonch, Rajauri, Kathua, in addition to Srinagar. "Idea ...
End of freebies? Vodafone prices 1GB/day for 28 days at Rs 392 With Reliance Jio not showing any signs of unveiling yet another 'surprise' offer, telecom tariffs in India seems set to rise, particularly for data.Vodafone today announced an new tariff pack that offers 1 GB of 3G or 4G data and free calls for Rs 392. However, unlike simil...
Reliance Jio hits 10% revenue market share – Credit Suisse New telecom operator Reliance Jio is estimated to have notched up a market share of around 10.5% in terms of total telecom revenue in India, broker Credit Suisse said.However, after deducting interconnect payments made to rivals, Jio's share is likely at around 9%, it said. ...
JioPhone booking starts at 5:30 PM today at Reliance Jio stores The Mukesh Ambani-led telecom operator is likely to start prebooking for its JioPhone device at 5:30 PM today, according to sources.Booking can done in four ways -- using the company's website Jio.com, using the MyJio app and by going to a either a Jio Store or any multi-bran...
Reliance Jio starts turning off free services, urges users to recharge Reliance Jio, the telecom firm that has caught the country by storm, has started turning off the connections of those subscribers who have not recharged their mobile phones since the beginning of April.In April, it had introduced the Summer Surprise offer, and gave around fou...
Vodafone Play adds 12 channels from Discovery including DSPORT Vodafone India said it tied up with Discovery Communications to offer 12 of its channels on its 'Play' app.These channels include Discovery Channel, TLC, Animal Planet, Discovery HD World, Discovery Science, Discovery Turbo, Discovery Kids, Investigation Discovery (ID), Anima...
Idea Cellular likely to expand 4G offers this year Idea Cellular, India's third biggest telecom player by revenue, is likely to see its 4G data capacity rise to three times the current level over the next nine months, which is likely to push the price of data down further.This could impact Reliance Jio's ability to stop its d...
Vodafone slashes 4G offer prices after Airtel, Idea reveal explosion of data Vodafone India renewed efforts to promote its cut-price voice and data offerings in recent days as the latest quarterly numbers from rivals Idea Cellular and Bharti Airtel suggested they had given out bigger discounts in the April-June period than anyone had expected.Earlier ...
Bharti Airtel will launch VoLTE next year Bharti Airtel is still testing its 4G voice or Voice over LTE service and a pan-India launch will take place only by January-March of 2018.Gopal Vittal"VoLTE is a very complex technology," CEO Gopal Vittal said. "There is a lot of optimization. It has to be tested device...
No plans to launch JioPhone rival – Bharti Airtel Bharti Airtel, India's largest telecom provider by revenue, said it has no intention of launching a rival phone similar to the super-cheap semi-smartphone launched by rival Reliance Jio.Asked if the company needed to come out with a similar, affordable handset to compete with...
Telecom license fees fall 23% as Reliance Jio hits call, data prices The license fees paid by telecom operators in India to the central government fell by 23% to 2,663 crore in the three months ended March compared to the previous three months, the government said.Compared to nine months earlier, the fall was 33%.Telecom access providers, ...
HALVED: Bharti Airtel’s data price crashes to Rs 60/GB due to Reliance Jio Bharti Airtel was forced to slash its data price by half to about Rs 60 per GB in the April to June period of 2017, the latest numbers revealed.In contrast, Bharti Airtel was charging around Rs 125 per GB in the three months from January to March of this year. A year ago, it ...
Bharti Airtel profit down 75%, says market remains “turbulent” Bharti Airtel Limited reported a drop of 14% in its revenue for the first quarter, at Rs 21,958 crore. Adjusted for sale of its units, the drop was 11%, it said.Net profit fell 75% to 367 crore rupees for the first quarter. Operating profit was down 18%.India revenues for...
Is the Reliance Jio’s JioPhone really free? The latest entrant to India's telecom market, Reliance Jio, has announced an unprecedented offer -- a 4G enabled phone with support for apps and videocalling for free.According to Mukesh Ambani, customers do not have to pay anything for the phone as the cost of the phone will...
JIOPHONE: Reliance Jio to give unlimited data at Rs 153 / month Reliance Jio chairman Mukesh Ambani announced the JioPhone, which aims to bring smartphone features to the candybar form factor.The phone will be given to anyone if they deposit Rs 1500 with the company. The user will get the Rs 1500 back when the device is returned after 36 ...