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Vodafone quarterly revenue up by 19 pc
By: PTI

London: British telecom giant Vodafone today posted a 19.1 per cent jump in revenues at 9.8 billion pounds for the quarter ended June 30, propelled by strong growth in India and Europe, among other regions.


During the three months ended June, the company added 8.5 million subscribers across the world and the total stood at 269 million.

The firm registered more than 50 per cent total revenue growth in India.


However, Vodafone's India-born chief executive Arun Sarin who will stepping down later this month said the company faced a more challenging environment.


"Notwithstanding this more challenging operating environment, we continue to benefit from a diversity of assets and services, with strong revenue growth in EMAPA (Eastern Europe, Middle East, Africa & Asia, Pacific).


In the June quarter, India accounted for most of the increase in subscribers in the EMAPA region which saw the addition of 7.8 million new customers.


"India accounted for most of the increase, adding 5.1 million customers in the quarter.


The total customer base in the region reached 122.6 million and included 49.2 million customers in India, making it the largest subsidiary by customers within the Vodafone Group," the statement said.

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