Telecom brand of the Indian conglomerate Videocon group ‘Videocon Telecom’ has announced that it has achieved 53 percent growth in its Top line Revenue in FY 2014-15 over last financial year.
Earlier, the company talked about its plans for a Top line revenue of 20,000 million in FY2014-15 and has been able to deliver 99 percent of the same.
Videocon Telecom managed to achieve approx 19 percent share of incremental customer market share in its 4 operational circles in FY2014-15. This has helped the telco to achieve an impressive growth of 38 percent in its Subscriber Base and cross the 10 million mark subscriber base as on March 2015.
Owing to its business focus and operational efficiencies, the telco reported EBITDA positive in its Punjab GSM operations circle in March 2015 that is one of the fastest in the telecom history.
The telco announced 2489 new cell sites and 231 new exclusive stores in existing circles. The telco also plans to acquire over 10Mn subscribers and deliver a consolidated Top line Revenue of 30,000 million in FY 2015-16 including its GSM business, NLD/ILD and Punjab Wireline business.
Arvind Bali, director and CEO, Videocon Telecom said in an official release, “Year 2014-15 has been quite eventful and fulfilling for us. Just to list some of our achievements, we achieved 99 percent of our targeted Gross Revenue of 20,000 million and grew our Top line by 53 percent over previous financial year. Being a new entrant, our strategy was to attain incremental Customer and Revenue market leadership in our operational circles, and we have been able to achieve the same with approx 19 percent incremental customer market share in our 4 circles with a dominant leadership in Punjab and Haryana during last financial year.”
