Monday, 20 November, 2017

Vodafone service revenue falls, ARPU stands at Rs 146 for Q2FY18

Conrad Doyle | 14 November, 2017, 15:33

The company also increased its revenue market share (RMS) by 60 bps to 23.1 per cent during the reporting period as its customer base rose 3.3 per cent to 207 million.

Vodafone India on Tuesday announced its standalone revenue figures for the six monthly period ended September 30, in FY18.

The company has attributed this decline to multiple factors that included a new operator - Reliance Jio -, incumbent operators -Bharti airtel, Idea Cellular, seasonality as well as GST.

Idea Cellular reported a fourth straight quarterly loss on Monday as intense competition in the telecom sector continued to hurt, and said it would sell its tower business to reduce debt.

On the earnings before income tax deduction and amortization (EBITDA) front the company's margin stood at 21.4%.

Vodafone India and Idea Cellular on 13 November separately agreed to sell their respective standalone tower businesses in India to ATC Telecom Infrastructure Private Limited (formerly Viom) for an aggregate enterprise value of Rs 7,850 crore ($1.2 billion), a company statement said. We see signs of positive developments with consolidation of smaller operators.

"Both Vodafone India and Idea as customers, and ATC as a mobile network infrastructure provider, have agreed to treat each other as long-term preferred partners, subject to existing arrangements".

The company said it has garnered almost 20.7 crore subscribers at the end of September which it said was 3.3% increase YoY.

The transactions are expected to generate approximately Rs 2,100 crore ($320 million) in property revenue and approximately Rs 800 crore ($120 million) in gross margin during their first full year in American Tower's portfolio, at current exchange rates, the ATC statement said. The company said it had 6.77 crore data users, of which 4.46 crore used more than 1MB data on an average.

Furthermore, it said the data usage is exploding and usage per subscriber ( 1MB for Q2FY18) is 2.7GB per month. Growth was driven by higher smartphone penetration, now at over 38 percent of the total customer base.

This is unedited, unformatted feed from the Press Trust of India wire. The sale of standalone towers to American Tower is expected to take place in H1 2018.

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