Idea Cellular treads water as data growth offsets declines elsewhere

21 Oct 2014

Idea Cellular, India’s third largest mobile provider by subscribers, has booked stable results for Q2 FY2015, ended 30 September 2014, registering a minor increase in revenues and small decreases to EBITDA, although profit after tax (PAT) dipped by INR2.32 billion to INR7.79 billion on the back of lower dividends from Idea’s tower business: income from Indus Towers dropped by 71.7% from INR3.62 billion in Q1 FY15 to INR1.03 billion in the subsequent quarter. The cellco booked revenues of INR75.67 billion in the three-month period, up 0.1% from INR75.56 billion in Q1 FY15, whilst EBITDA dipped by 0.9% quarter-on-quarter to INR22.39 billion. Idea described the period as ‘seasonally weak’, adding that declines in ARPU and voice realisation were partially offset by subscriber expansion and growth in the data segment. Idea claimed 10.52 million 3G users as at 30 September, up from 8.78 million three months earlier and 3.38 million in Q2 FY14. Increases in data ARPU increased the segment’s contribution to Idea’s top line, accounting for 14.0% of service revenues, compared to 11.5% in the previous quarter and 8.7% twelve months earlier.

India, Vodafone Idea (previously Idea Cellular)