Vodafone Italia revenues down 15.7% in September quarter

Tuesday 12 November 2013 | 11:33 CET | News
Vodafone Italia's service revenues were down 15.7 percent year-on-year in the fiscal second quarter to 30 September, following similar drops of 17.0 and 17.6 percent in the fiscal quarters to March and June. Revenues were negatively impacted by a challenging macroeconomic and competitive environment, leading to intense price competition, as well as the continued impact of cuts to mobile termination rates, the company said. However, mobile in-bundle revenue grew by 23.5 percent on an organic basis, driven by the success of the Vodafone Red price plans. Smartphone penetration also increased to

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