Business Today

Vodafone to launch 4G services in five circles

"We are conducting 4G trials and plan to roll out the 4G services in a few towns later this year," said managing director and chief executive officer Sunil Sood.

Ajay Kumar Shukla   New Delhi     Last Updated: May 20, 2015  | 15:34 IST
Vodafone to launch 4G services in 5 circles
The company will also expand its services in the North East. Sood also said that Vodafone is completely for Net Neutrality. (Photo: Reuters)

Vodafone India on Tuesday announced its plan to roll out fourth generation (4G) services in select cities during the second half of this year.

"We are conducting 4G trials and plan to roll out the 4G services in a few towns later this year," said managing director and chief executive officer Sunil Sood.

The company won 5 MHz spectrum in the 1,800 MHz band in five circles-Delhi, Mumbai, Kolkata, Karnataka and Kerala-where 4G services will be rolled.

The company will also expand its services in the North East. Sood also said that Vodafone is completely for Net Neutrality.

"We are pro-Net Neutrality and would like to see the same rule for the same services. There is a need to create a level playing field," he said. At the same time he said, "Let the government decide the rules of the game but we are open to a healthy debate on the issue."

Announcing the financial performance of the company for FY15, Sood said, "We have witnessed a year-on-year growth of 12.6 per cent in our service revenue at Rs 42,352 crore (against Rs 37,777 crore in FY14) and the company added about 17.2 million subscribers."

Operating profit stood at Rs 12,605 crore, which represents a growth of 16.2 per cent over the previous year. Vodafone has made a fresh capital infusion of Rs 6,000 crore in March to fuel its expansion plans.

It expanded its 3G services from nine to 16 circles during financial year 2014-15. "The company's customer base stands at around 184 million and the average revenue per user at Rs200 in the fourth quarter of 2014-15," Vodafone chief financial officer Thomas Reisten said.

The company made a capital expenditure of Rs 8,598 crore mainly on new site roll out in the last fiscal, he added. The net debt for the company stands at Rs 47,807 crore as of March.

(In association with Mail Today Bureau)

Youtube
  • Print

  • COMMENT
BT-Story-Page-B.gif
A    A   A
close