New Delhi:
Boosted by a strong growth in the voice minutes, Vodafone India's revenue grew by about 10 per cent to Rs 9,388.40 crore in the quarter ended December 31, 2012.
The company had reported a revenue of Rs 8575.78 crore in the corresponding quarter last year, Vodafone, the UK-based parent of Vodafone India, said in a statement.
The service revenue increased by 9.9 per cent, driven by the strong growth in the mobile voice minutes and a stable competitive environment, it added. As on December 31, 2012, Vodafone had 147.47 million subscribers in India.
"Our results continue to reflect very difficult market conditions in Europe. We are addressing this through firm actions on cost efficiency, and continuing to invest in the areas of growth potential," Vodafone chief executive Vittorio Colao said.
Vodafone continues to make progress in its 2015 strategy, with good revenue growth in data and emerging markets, the launch of LTE services in another four markets and the acquisition of new spectrum, he added.
In November, the company acquired spectrum in 1800 MHz band in 14 Indian telecom circles for Rs 1,130 crore. The company said Indian tax authority issued a reminder regarding Rs 11,200 crore tax liability issue related to the British firm's acquisition of Indian telecom assets of Hutchison Whampoa.
"The group maintained its position but is engaged in dialogue with the Indian government to explore whether a solution to this matter can be found," it added
The company had reported a revenue of Rs 8575.78 crore in the corresponding quarter last year, Vodafone, the UK-based parent of Vodafone India, said in a statement.
The service revenue increased by 9.9 per cent, driven by the strong growth in the mobile voice minutes and a stable competitive environment, it added. As on December 31, 2012, Vodafone had 147.47 million subscribers in India.
"Our results continue to reflect very difficult market conditions in Europe. We are addressing this through firm actions on cost efficiency, and continuing to invest in the areas of growth potential," Vodafone chief executive Vittorio Colao said.
Vodafone continues to make progress in its 2015 strategy, with good revenue growth in data and emerging markets, the launch of LTE services in another four markets and the acquisition of new spectrum, he added.
In November, the company acquired spectrum in 1800 MHz band in 14 Indian telecom circles for Rs 1,130 crore. The company said Indian tax authority issued a reminder regarding Rs 11,200 crore tax liability issue related to the British firm's acquisition of Indian telecom assets of Hutchison Whampoa.
"The group maintained its position but is engaged in dialogue with the Indian government to explore whether a solution to this matter can be found," it added
