Vodafone sees early signs of stability returning to the Indian telecom market with Reliance Jio Infocomm starting to charge for services from April 1, but cautioned that the industry is still fragile and could again be disrupted by a new promotional offer from the telco. Vodafone has seen stability of recharge values and high-value customers as well as a slight uptick in medium-value customers, though those in the lower value chain remained vulnerable, when comparing March with January quarter data by segment.
That has eroded Vodafone India’s operating profit in the year ended March by over 10% while service revenue slipped 0.5% as Jio’s free services dragged down both the voice and data business of the country’s No. 2 telco, forcing its UK-based parent to post a loss.
Vodafone Store in Vazhuthacaud, Trivandrum Contact Details
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