Videocon Telecom posted 53% growth in its GSM business Gross Revenue in Q3 2014-15 over same period last financial year. The telco reported Top line Gross Revenue of 489 Cr in Q3 14-15 including its GSM business, NLD/ILD and Punjab Wire-line business.
With its GSM mobility business growth was fuelled by an organic growth in subscriber base, MoU’s (minutes of usage), and focus on data consumption, GRPM (Gross Rate per min) and ARPU (Average Revenue per min). The telco reported a subscriber base of 9 Mn. customers across its 4 operating circles as on Dec 14. The telco grew its Minutes of usage by approx 30% in Q3 14-15 as compared to same period in last financial year.
Owing to telco’s strategy to upgrade its Network to 2.75 G EDGE, the telco witnesses a substantial growth in its data revenues, data revenue yielded an impressive 113% growth with an 30% improvement in realization per GB over same quarter last FY. The telco also reported an 19% improvement in its GRPM (Gross rate per min) over same qtr last FY.
The telco will be closing the FY 2014-15 with Top-line Revenue of approx 2000 Cr.
Mr. Arvind Bali, Director and CEO, Videocon Telecom said “We continue to witness a healthy growth in business over the same period in the last financial year. The growth this quarter can be attributed to many factors including organic growth in subscriber base & minutes of usage, and our focus on data penetration & usage, GRPM, ARPU and Usage and retention focus. We are quite satisfied with the month on month growth and we have been continuously focussing on our Gross level and unit level KPIs.
Being a new entrant, 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 aim to maintain and accelerate this growth rate further. We will be closing the financial year with a Top line of 2000 Cr including our GSM mobility, NLD/ILD & Punjab wire-line business.” Mr. Bali added.