Targets to become EBITDA
positive in 2 of 4 operational circles in FY 14-15, the fastest breakeven ever
in Telecom history
~ Consolidated Top line
Revenue of the company at Rs 344.5 Cr in Q4’ 14, grew by 77% year on year ~
~ The Telco plans to
invest 1240 Cr in FY 14 in its existing 4 circles and is targeting Top-line
Revenue of over 2500 Cr Revenue in FY 15~
~The Telco is
aggressively chasing to be EBITDA positive in 2 out of its 4 operational
circles within FY-14, and has registered an impressive 24% EBITDA improvement
Year on Year
---
New Delhi (India), April
30, 2014: Videocon Telecom, the youngest Telco in the country
& vibrant telecom arm of the Indian conglomerate Videocon Group, reported
its consolidated Top line Revenue of Rs 344.5 Cr in Q4 2013-14, attaining an
impressive 77% growth year on year.
The growth fueled by
aggressive Customer acquisition where the Telco has been among the Top 3
players in the industry in Net Customer acquisitions for last 8 months. The
Telco achieved an impressive 91% growth in its Subscriber base at 7 Mn Customer
base.
The Telco has also been
focusing on Unit level and Gross level profitability where the Telco has been
able to deliver a 25% growth in GRPM (Gross rate per min) incl an impressive
CAGR of 317% in Data Revenue. The Telco has over 38% of its total Subscriber
base actively using data.
The Telco is now
aggressively chasing to attain Fair Revenue and Customer market share and
become EBITDA positive in 2 out of its 4 operational circles, and achieve the
distinction of being the fastest break even by any Telco ever.
The telco also talked
about its Strategic outlook for FY 2014-15 and is targeting Consolidated Top
line Revenue of Rs 2500 Cr in FY 2014-15. The Telco plans to invest over Rs
1240 Cr in its existing 4 Circles in Network & IT infrastructure and on other
technological advancements.
Mr. Arvind Bali, the
Director and CEO of Videocon Telecom said, “We are
the youngest Telco in the industry, and we aspire to become the fastest to
break-even. We have had a good 2013-14 and have been able to grow our Top line
Revenue by 77%.
The numbers are looking
up, Y-o-Y our MoU have grown by over 81%, Data business is up by an impressive
317% and now contributes to 7% of Gross Revenue with over 38% of our customers
actively using data. Our Bottom line has improved by 24%.
We will be investing
over 1240 Cr in our existing 4 circles in FY 2014-15 primarily on Network
expansion, IT infrastructure, Service platforms, and other technological
advancements.” Mr. Bali added.
About Videocon
Telecom
Videocon Telecom, the
next-generation GSM mobile service network was launched by Rs. 25,000 crore
Videocon Group. The company has partnered with global technology leaders
to create a robust infrastructure featuring future ready mobile technologies.
Powered by the most advanced GSM-EDGE network, Videocon Telecom aims to
redefine the Indian mobile telecommunications industry by leveraging a
combination of the parent company’s strong brand recall and retail reach with a
spirit of innovation and customer centricity. Videocon endeavors to transform
the life of every Indian consumer by changing the very paradigm of the way he
communicates.
Videocon Telecom today
symbolizes the market innovations and customer offerings rooted in the demands
and needs of the Indian consumer. Videocon Telecom has notched up a subscriber
base of over 8 million subscribers within a year of operations, a testament to
the brand’s customer focused strategy. The company has invested significantly
in research and development as well as in customer service to offer consumers
innovative products and a superlative experience.
