Vodafone India on Wednesday reported revenues of  £1.13 billion registering an increase of 9.9 per for the third quarter. The revenues were driven by strong growth in voice minutes. It had posted revenues of £1.02 billion for the same period a year ago.

It said that service revenue increased by 9.0% driven by strong growth in mobile voice minutes and a stable competitive environment. Growth this quarter was -2.0 percentage points lower than the previous quarter primarily due to the impact of regulatory changes.
 
“During the quarter subscriber verification regulations were changed, leading to a sharp fall in gross customer additions which resulted in net customer disconnections.

Regulation was also introduced to further limit the processing fees that operators can charge” it said in statement.
 
Data revenue grew by 23.8% driven by an increase in customers taking data bundles and an increase in 2G data pricing. At 31 December 2012 active data customers totalled 33.1 million, including 2.5 million 3G subscribers.
 
Organic growth at Indus Towers slowed following a reduction in new tenancy additions, however reported revenue growth in the quarter increased as a result of energy costs charged to operators being included in service revenue for the first time.

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