Vodafone Essar turns cash-positive
25-07-2010
Despite the tariff war, the company does well
Vodafone Essar posted its strongest growth in the last six quarters with a better-than-anticipated 26.4% revenue jump in the three months ended June 30, 2010.
Vodafone Essar has now turned cash-positive, according to the Vodafone Group
Vodafone India's revenues were at ?954 million for the June quarter, up 26.4% from the same period last year. An alternative measure of growth often used by the market, a comparison with the immediately preceding quarter, showed an impressive rise of 13.2%.
Vodafone added 8.2 million new users in India during this period taking its customer base to over 109 million
Vodafone Essar posted its strongest growth in the last six quarters with a better-than-anticipated 26.4% revenue jump in the three months ended June 30, 2010.
Vodafone Essar has now turned cash-positive, according to the Vodafone Group
Vodafone India's revenues were at ?954 million for the June quarter, up 26.4% from the same period last year. An alternative measure of growth often used by the market, a comparison with the immediately preceding quarter, showed an impressive rise of 13.2%.
Vodafone added 8.2 million new users in India during this period taking its customer base to over 109 million
