Vodafone Italia quarterly service revenues fall 17%

Tuesday 21 May 2013 | 10:31 CET | News
Vodafone Italia reported quarterly service revenues down 17.0 percent year-on-year in its fiscal fourth quarter to March, hurt by cuts to termination rates, the difficult economic environment and tough competition. Over the full fiscal year, service revenues fell 12.8 percent, and EBITDA was down 19.5 percent on a comparable basis. The EBITDA margin dropped to 40.1 percent to 44.1 percent in the previous year. Capex declined to GBP 567 million from GBP 621 million, going mainly to the roll-out of LTE, which 21 cities at the end of March. The mobile operator lost 144,000 customers in the three

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Categories: Internet / Mobile & Wireless
Companies: Vodafone / Vodafone Italia
Countries: Italy
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