Vodafone, British giant telecom announced on Tuesday a 14.1 per cent jump in the group’s revenues to 35.5 billion pounds with its India business delivering a strong growth of over 50 per cent during the year ended March 31. According to a company official the group has marked an increase of 14.1 per cent in the revenues with an organic growth of 4.2 per cent in the year ended March 31, 2008. Vodafone Group’s adjusted operating profit increased 5.7 per cent to 10.1 billion pounds, while its earnings before interest, tax, depreciation and amortisation (EBITDA) grew 10.2 per cent to 13.2 billion pounds in 2007-08.
Through worldwide with strong growth during the year in the Eastern Europe, the Middle East, Africa, Asia and the Pacific (EMAPA) region, Vodafone has over 260 million proportionate mobile customers. In addition to that Vodafone’s new business in India has been growing succesful into the group and now has over 44 million customers, with over 50 per cent proforma revenue growth. Vodafone CEO Arun Sarin said in a statement that Vodafone Essar in India is delivering very strong growth and performing in line with their acquisition plan and they through their existing emerging market assets, they are planning to perform well. Sarlin further added with their other two operators to drive further strong, cost efficient growth, they have also established an independent tower