Vodafone standalone service revenue up by 5.9% in first half of FY17

MUMBAI: Vodafone India's standalone. service revenue for the first six months of fiscal rose by 5.9 % on first half year.

India's second largest telecom operator, Vodafone India announced its half year results ( IFRS) for the six month period ended September 2016. The company said it has reached a subscriber base of 200 million.

The was standalone service revenue stood ar Rs 22579 crore, up from Rs 21321 crore a year ago.

The company also plans to roll out is 4G services to 2400 towns post their spectrum buy in September .

Ebidta margin for the six months was 29.6 % and clocked in a 5.9 % y-o-y growth in revenue services .

Vodafone India’s enterprise solutions is growing at 2x the market rate and contributes 16.4% to the business .

Sunil Sood, CEO of Vodafone India said telecom industry slowed down due to regulatory pressure and competition.