Vodafone Q1 revenues fall 31% YoY; firm expects Idea merger to close in Aug

INSUBCONTINENT EXCLUSIVE:
New Delhi: Vodafone India's service revenue decline by 31.1% on a year on year basis to clock in 955 million euros for the June end
international calls
received conditional approval from the Department of Telecoms for the merger of Vodafone India and Idea Cellular, which we aim to close
awaiting the final nod from Department of Telecommunications (DoT) for its merger with Kumar Mangalam Birla owned Idea Cellular also
recorded its lowest ever average revenue per user (ARPU)-a key performance metric- at Rs 102, compared to Rs 105 in the previous quarter
to retain our high value customers albeit at lower price levels, with contract ARPU declining by 20% and prepaid ARPU by 28% in the
The telco said it managed to stave off further impact of tariff wars because subscribers have started spending on a single SIM, following
million dip in its subscribers on quarter on quarter basis to take the total number of customers 219.7 million and blamed SIM consolidation
across markets as the reason behind it. Additionally, Indian data traffic quadrupled following a steep decline in data prices and it has 77
million data users of which 30.9 million are 4G. This largely reflected increased smartphone usage as data allowances expand, with Indian
customers now using 4.6GB on average each month, higher than its other markets, said the operator.