Videocon Telecom posted 60% growth in its GSM business Gross Revenue in Q2 2014-15, over the same period in the last financial year. The telco made a strategic come back in March lastyear and has been one of the fastest growing Network in its operating circles.
This growth was fueled by high data consumption and a consistent increase in subscriber base, MoU’s (minutes of usage) GRPM (Gross Rate per min) and ARPU (Average Revenue per min). The telco reported a subscriber base of 8.3 Mn. customers across its 4 operating circles in Q2 14-15 with a Top line Revenue of 182 Cr. The telco grew its Minutes of usage by 40% in Q2 14-15 as compared to same period in last financial year. Data revenue yielded an impressive 160% growth contributing to the overall revenue growth for the telco, the telco also improved its data realization by GB by 71%. The telco reported a 15% improvement in its GRPM (Gross rate per min) over same period last year. The growth tide was also supported by Customer average revenue per user which rose to Rs. 155 in Q2 2014-15.
Mr. Arvind Bali, Director and CEO, Videocon Telecom said “We are happy with the month on month growth that we are registering. We have been focussing on our Gross level growth i.e. Gross Revenue, Net Revenue and Subscriber base, and Unit level growth including ARPU, GRPM and Data/VAS contribution to Gross Revenue. Being a new entrant in the industry, our strategy was to attain incremental Customer and Revenue market leadership in our operational circles, and as we speak, we are very much getting there. We witnessed a healthy growth in business over the same period in the last financial year. This growth can be attributed to many factors such as steady growth in subscriber base, growth in minutes of usage, growth in data revenue, growth in average revenue per user and growth in gross revenue realised per minute. We aim to maintain and accelerate this growth rate further.” Mr. Bali added.