Vodafone said the number of its mobile customers went up by 3.3 percent to 207.4 million in the first fiscal half to end September, compared to 200.7 million the year before.
After Vodafone India and Idea complete their merger, 6,300 company-located tenancies of the two operators on the combined standalone tower businesses will collapse into single tenancies over a period of two years without the payment of exit penalties. The operator said its service revenues were down on the back of 'continued price competition'.
Vodafone India today released its half year FY18 results, in which it reported a decrease of 15.8% in service revenue compared to H1 FY17.
Vodafone India and Idea Cellular on Monday said they have agreed to sell the roughly 20,000 towers that they directly own to a local arm of American Tower Corp. for $1.2 billion (Rs 7,850 crore) cash, a move which will help the two merging telcos pare debt while boosting the tower portfolio of the USA company in a market seeing massive 4G rollouts.
"Amidst continuing intense competition, we recorded a gain of 0.6ppt in RMS in Q1FY18 (YoY) and delivered a stable performance overall". We see signs of positive developments with consolidation of smaller operators.
Vodafone India and Idea Cellular Ltd, India's third-biggest wireless carrier, are to merge operations, potentially creating the country's biggest telecom player.
A report by COAI revealed that the company had 21.19 crore subscribers at the end of June. However, it said the company's service revenue Arpu (average revenue per user) took a beating due to stiff price competition and it now stands at Rs146 per user.
Furthermore, it said the data usage is exploding and usage per subscriber ( 1MB for Q2FY18) is 2.7GB per month. Growth was driven by higher smartphone penetration, now at over 38 percent of the total customer base.
The receipt of the proceeds from the sale of towers, prior to completion of the merger, was anticipated and provided for in the merger agreement, and hence, would not affect the agreed terms of the the Vodafone India and Idea merger, including the amount of debt which Vodafone will contribute to the combined company at completion.
In recent months the company has been aggressively scaling up its engineering force in preparation of the acquisition from Geely. However, the company did not disclose any financial details concerning the deal, The China Daily newspaper reported today.
Shares in Vodafone were trading up 5 percent at 1005 GMT, having earlier hit a three month high of 227.50 pence. Vodafone had taken an impairment of 5.0 billion euros on its Indian activities in the first half of 2016.
Taylor sat down at the piano to sing the heartfelt song and was accompanied by just an acoustic guitar and some backup singers. It's pretty raw stuff, especially from a host who's often accused of being somewhat one-note and superficial.
But the team proved it can be done without a whole lot effort, which in turn leaves a lot of OnePlus devices vulnerable. It looks like the Chinese smartphone company has accidentally left behind the app on some of its smartphone units.
The message updates an original warning sent from the Union of Concerned Scientists 25 years ago and backed by 1700 signatures. During their presentation, the team representing the administration was heckled and interrupted by a protest song .
Rachakonda Police Commissioner Mahesh Bhagwat transferred him to the commissionerate headquarters as departmental punishment. The incident reportedly took place about four-five months ago at the armed reserve headquarters in Jogulamba Gadwal district.
Jesus Christ, I'll make sure Uber knows what an [expletive] joke you are". " You're kidnapping me ", she continued. Platt , who could not be reached for comment, said he was " totally afraid " of being arrested when police arrived.
The area where Felton's body was found is close to where three other murders occurred in Seminole Heights last month. On Oct. 9, victim Benjamin Mitchell, 22, was waiting for a bus on North 15th Street and Frierson Avenue in Tampa.
The new version is two and a half times stronger than its paper counterpart (and is better at surviving the washing machine). Its days have been numbered since the new polymer tenner, depicting author Jane Austen, entered circulation in September.
Well, daddy cool Saif Ali Khan surely knows how to impress and bring a cute giggling smile on the little nawab's face. So it is in fact quite a sensible purchase considering it clearly meets nearly all of Saif's automotive requirements.
At 4.30 am ET, the Office for National Statistics is slated to issue United Kingdom consumer and producer prices for October. The euro zone economy grew as expected in the last quarter, according to official data released on Wednesday.
Xbox One gamers can now send each other video games digitally
We see that today; we're not manufacturing Xbox 360 and yet there are 360 games that do very well right now on our platform. You can head over to the Black Friday page on Microsoft's website to find out more about the many deals that it's offering.
Connected toys can be hacked by 'almost anyone'
The Bluetooth connections on the toys are unsecured so external devices could be used to manipulate the toys. Spiral Toys, which makes the Toy-Fi Teddy and CloudPets devices, has not yet commented on the report.
Duke vs. Michigan State live stream
Despite almost putting up triple digits on the scoreboard Friday, the Spartans finished only 3-of-12 from beyond the arc. Michigan State opened the season with a 98-66 win over North Florida behind Bridges' 20 points and 10 rebounds.
Drinking coffee may decrease risk of heart failure, stroke
In this case, red meat consumption was identified as a potential risk factor, although here, the correlation was less striking. Foods to avoid include refined carbohydrates, foods high in added sugars, trans fats, saturated fats and processed meats.