Vodafone India Ltd. (VIL) was impacted by the on-going regulatory issues and lower rate of growth at its joint venture Indus Towers. This saw it report a marginal dip in service revenue for the first quarter of 2012 at 1.029 billion pounds over the corresponding period of the previous year when it was at 1.039 billion pounds.
According to a release from Vodafone, VIL’s voice revenue fell marginally to 809 million pounds (813 million pounds), messaging revenue to 38 million pounds (44 million pounds) and data revenue to 83 million pounds (87 million pounds).
However, other service revenue at 95 million pounds (92 million pounds) and fixed line revenue at 4 million pounds (3 million pounds) were marginally higher.
On a sequential basis, the release said Vodafone India’s service revenue grew by 16.2 per cent driven by an 8.6 per cent increase in the closing customer base, strong growth in incoming and outgoing mobile voice minutes and 1.6 per cent growth in the effective outgoing rate per minute, it said.
Data revenue grew by 12.4 per cent sequentially driven by increase in data customers and higher penetration of data enabled handsets, as well as successful promotions.