Vodafone Plc has reported that for the year ended March 31, 2014, the operator’s global revenues declined by 1.9 per cent to reach £43.61 billion. Further, the operator’s service revenue declined by 2.4 per cent to £39.52 billion for the period under review.

Further, Vodafone Plc has reported that its service revenue from Africa, Middle East and Asia-Pacific region increased by 6.1 per cent, driven by encouraging business performance in emerging markets such as India (13 per cent), Vodacom (4.1 per cent) and Turkey (7.9 percent).

Vodafone Plc, which does not have a 4G network in India, has reported that at the end of March 31, 2014, its global 4G subscriber base stood at 47 million in 14 markets. Moreover, 4G data usage on the operator’s network has more than doubled that of 3G data usage.

Going forward, for the next two years, the operator has planned capex of £19 billion including Project Spring. The Project aims to expand Vodafone Plc’s 4G and 3G network in both developed as well as developing markets.

India business

For the year ended March 31, 2014, Vodafone India has reported service revenue of £3,927 million in comparison to service revenue of £3,878 million for the corresponding period in 2013.

For the period under review, the operator added 14.2 million new users taking its total subscriber base to 166.6 million in fiscal 2014. Further, Vodafone India has reported that data usage on its network grew by 125 per cent during 2014 with 39 per cent increase in mobile internet users and a 67 per cent increase in data usage per customer. As of March 31, 2014, the operator had 52 million active data customers including 7 million 3G customers.

For the year-ended march 31, 2014, the operator’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) grew by 26.4 per cent with 3.3 percentage point increase in EBITDA margin, driven by the higher revenue and the resulting economies of scale on costs.

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