Friday, February 03, 2017

Vodafone registers 4.7 per cent decline in revenue due to Jio uprise and note ban

British telecom major Vodafone registered 4.7 per cent decline in its India revenue at Rs 10,556 crore in local currency terms during October-December 2016 period, due to increase in competition from entry of Reliance Jio and partially on account of demonetisation.
The company had reported a revenue of Rs 11,077.63 crore in the same period a year ago.
However, the reported decline in terms of euro for the period was 5.5 per cent at 1,452 million euros compared to 1,536 million euros during the period under review.

Source:  News Nation
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