Videocon Telecom has posted 60% development in its GSM business Gross Revenue in Q2 2014-15, over the same period in the last financial year. The telco made a key return in March a year ago and has been one of the quickest developing Network in its working rounds.
The telco reported an endorser base of 8.3 million users over its four working loops in Q2 14-15 with a Topline Revenue of 182 Cr. The telco developed its Minutes of utilization by 40% in Q2 14-15 as contrasted with the same period in last monetary year.
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,” he continued.
Information income yielded 160% development helping the general income development for the telco; the telco additionally enhanced its information acknowledgment by GB by 71%.
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. We aim to maintain and accelerate this growth rate further.” Mr. Bali added.
The telco reported a 15% change in its GRPM (Gross rate for every min) over the same period a year ago. The development tide was likewise upheld by Customer normal income for every user that rose to Rs. 155 in Q2 2014-15.