Vodafone India’s 3Q confirms sector’s healthy trends – sustained minutes growth, flat voice rev/min & strong data uptake. Traffic grew 6.5%yoy (5%yoy for Airtel) with flat voice rev/min. Idea, in contrast, had reported stronger mins growth (18% yoy) but with a 6% yoy decline in voice rev/min. Vodafone’s Blended ARPUContinue Reading

Vodafone has initiated project spring, an organic capex program targeting 95% of 3G population coverage by 2017. We believe this is quite an achievable target as demand for Mobile Data Service is on the rise. Vodafone’s Mobile Data revenue grew 10.9% QoQ to INR 12.4bn, marginally behind Airtel and IdeaContinue Reading