Vodafone Italia service revenues drop 17.6%

Friday 19 July 2013 | 10:07 CET | News
Vodafone reported organic service revenues down 17.6 percent year-on-year in Italy in its fiscal first quarter to June, hurt by the difficult economy, tough price competition and cuts to termination rates. However, the operator said commercial performance improved both in mobile and fixed broadband. Mobile in-bundle revenue grew by 25.9 percent on an organic basis, benefiting from increased take-up of the Vodafone Red plans and higher penetration of smartphones. The latter was at 32.8 percent of customers, versus 26.8 percent a year earlier, and 60.6 percent of customers with a smartphone had

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