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Vodafone India's organic service revenue shoots up 15%

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Vodafone India's organic service revenue shoots up 15%

Vodafone has released its interim management statement for the quarter ending December 31, 2014.

Vodafone India’s organic service revenue increased 15 per cent against 13.2 per cent in Q2, with an acceleration in quarterly revenue trends driven by data uptake and customer growth.

Data revenue continued to grow strongly, with mobile internet revenue up 70 per cent. This was supported by 30 per cent growth in data customers to 59 million, of which 16.6 million were 3G, and 40 per cent growth in average data usage per customer. Voice rates per minute remained flat, with average minutes of use down 6.6 per cent. The total number of mobile customers increased to 4.8 million in the quarter, giving a closing customer base of 178.7 million.

The telecom operator continued making good progress on Project Spring with 5,500 radio sites added in the quarter (26,000 since the build commenced) taking its 3G outdoor coverage in targeted urban areas to 90 per cent. The expansion of Vodafone’s retail store footprint also remained on track. M-Pesa continued expanding and now has 337,000 active customers, generating 78,000 transactions per day, supported by over 85,000 agents.

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