The telecom operator Videocon has released its Q3 results, which highlights an increase of 34 percent that is the revenue of Rs 489 crore. The company feels that the reasons for this growth are increase in the subscriber base and minutes usage, data penetration and usage, GRPM, RPU and usage and retention focus.
As reported by PTI, Arvind Bali, CEO Videocon said, “We will be closing the financial year with a top line of Rs 2,000 crore.”
The operator provides telecom services in seven circles but presently it is operating only in four of them, which are Punjab, Haryana, Gujarat and Madhya Pradesh. This month only the telco received pan-India permit for internet services. The company also says that the increase in revenue is because of the GSM business, national long distance, international long distance and Punjab’s wire-line business.
The data revealed by the company made the revenue of Rs. 202 crore in the reported quarter from the mobile phone services. The frim believes that GSM mobility business growth was powered by organic growth in the subscriber base, minutes of usage and data consumption, the gross rate realised per minute and average revenue per user. The telecom subscriber base of the company has reached to 9 million covering all the four telecom circles.