Japanese telecom gaint Softbank recorded a loss of $350 million for last nine months of 2016 in the fair value of the Company’s investments in India. The loss comes on top of a $555 million writedown on the value of Softbank’s India portfolio in the six-month period ending September 2016. “With reference to the current markdown, portfolio…
Vodafone India’s service revenue on an organic basis grew 10.3% on year in the April-June quarter, driven by continued customer growth, strong data usage and improved voice pricing.
For the first quarter ended June 30, organic service revenue for the Indian unit of UK’s Vodafone Group Plc came in at GBP1,026 million. Organic growth presents performance on a comparable basis including merger and acquisition activity and movements in foreign exchange rates.
The on year organic service revenue growth in the just ended quarter was however slower than in the fourth quarter at 11.9%, “after price increases a year ago,” Vodafone said in an earnings release.
For the latest quarter however, “data revenue growth accelerated in the quarter as 3G take-up continued to grow and we made further investments in 3G network roll-out,” India’s No. 2 carrier said.
Mobile customers increased by 3.3 million during the quarter, giving Vodafone India a customer base of 169.9 million as on June 30. Original post at Telecom The Economic Times