Vodafone India Revenues Are Up By 13.5%

The Indian telecom sector is booming, atleast as far as the mobile operator Vodafone is concerned. Today in its half yearly report, Vodafone posted a 13.5% jump from last year. They managed to rake Rs 184,809 million in the last 6 months. Marten Pieters, Managing Director and CEO, Vodafone India said, “We continue to show a healthy growth driven by price hardening, an exponential growth in data and a solid subscribers base”.

Vodafone has not just experienced strong growth in revenues, but they also revealed that people are consuming more mobile data. Thanks to the smartphone revolution in India, the company managed to collect data (browsing) revenue at Rs 15,419 million, which is up by 76.5%. This just shows that many people in the country are also using their mobile phones to connect to the internet. Which in turn means the demand for smartphones will grow further. Marten Pieters also showed a slide which suggested 7 out of 8 people in India use their mobile phones to browse the internet.

In India, 155.5 million users make up for the current customer base for Vodafone. They have a strong rural presence with more than 50% of the current subscribers coming from there. In numbers, they have a customer base of 83.2 million in rural India. Now all eyes are on other telecom providers in the country to see if they made it to greener pastures.