One of the emerging telecommunication company Videocon today has announced that they had a jump of nearby 60 percent in their gross revenue in this 3rd quarter of this year for about Rs 182 crores. Company had made a revenue of Rs 133 crore in the same quarter past year.
Today, the Videocon Telecom Director and CEO Arvind Bali said :-
[blockquote]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 realized per minute,[/blockquote]
The operator said that the time of usage for the subscribers has been grew up by 40 percent in this same quarter as compare to the last year. The comapny has also increased the 15 percent growth in its gross rate per minute over the same quarter last year. It was also supported by the average revenue per user at Rs 155 during this quarter. Till now the company has only occupied the seven circles but they offers services only in Gujarat, Chattisgarh, Madhya Pradesh, Haryana and Punjab.
the Videocon Telecom Director and CEO Arvind Bali also said :-
[blockquote]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[/blockquote]
Check out the Press Release Below:
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Videocon Telecom GSM Gross Revenue jumps 60% in Q2 14-15 over same period last financial Year
~ The telco that made a comeback in March last year, has been one of the fastest growing Telecom player in its operational circles ~
~ The telco reported Top-line Revenue (Gross Revenue) of 182 Cr in Q2 2014-15 with a 8.3 Mn subscribers against Top-line Revenue of 113 Cr same period last FY ~
~ The telco witnessed a phenomenal growth in its data business where its data revenue in Q2 2014-15 grew by 160% over the same period last FY with a 71% improvement in realization per GB of data ~
New Delhi (India) November 4, 2014: Videocon Telecom, the versatile, friendly and dynamic telecom brand of the Indian conglomerate Videocon group, 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 last year 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. About Videocon Telecom Videocon Telecom, the next-generation GSM mobile service network was launched by Rs. 25,000 crore Videocon Group. The company has partnered with global technology leaders to create a robust infrastructure featuring future ready mobile technologies. Powered by the most advanced GSM-EDGE network, Videocon Telecom aims to redefine the Indian mobile telecommunications industry by leveraging a combination of the parent company’s strong brand recall and retail reach with a spirit of innovation and customer centricity. Videocon endeavours to transform the life of every Indian consumer by changing the very paradigm of the way he communicates. Videocon Telecom today symbolizes the market innovations and customer offerings rooted in the demands and needs of the Indian consumer. Videocon Telecom has notched up a subscriber base of over 8.3 million subscribers within a year of operations, a testament to the brand’s customer focused strategy. The company has invested significantly in research and development as well as in customer service to offer consumers innovative products and a superlative experience.[/toggle]