Vodafone Indias Jan-Sept service revenue falls 16%

India’s second-largest telecom operator Vodafone announced Rs 19,002-crore service revenue in the half year ended September, down 15.8 per cent from the same period last year. Earnings before interest, depreciation, tax and amortisation took a massive 39.2 per cent beating, declining to Rs 4,075 crore from Rs 6,704 crore last year. Vodafone increased its user base by 3.3 per cent, year-on-year, to 207 million customers, over half of them in rural India. While the number of Vodafone’s 3G/4G users has jumped 28 per cent to 46 million during the year, the total number of data users declined by almost 5 million.

First found on: www.business-standard.com