Vodafone reports 80% growth in India
By Ben Robinson on Saturday, September 20th, 2008 at 1:09 PM PST In Financial/Corporate News, Vodafone
80% growth in India for Voda
Vodafone (NYSE: VOD) is claiming 80% growth in it’s customer base in the last 11 months, according the SVP of the company – one R.Sumesh Kumar. He apparently also commented that the retail reach of the Operator was growing, with 25 stores across the country.
Now, this of course IS great news for any OpCo, but India is awash with Mobile Operators, each servicing (sometimes small) chunks of the country – and 80% growth on a small number is still a small number!
Fortunately, Vodafone doesn’t have a small number of subs – Wikipedia quotes them as having 44 million subs in March 2008! So I think we can safely say that if the growth stat is correct, they’ve boosted their subs by many millions! Impressive stuff!
[Via: The Hindu]
