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General

Vodafone Italia service revenues fall 6.5% in June quarter, Ho Mobile hits 2 mln clients

Friday 24 July 2020 | 09:19 CET | News
Vodafone Italia reported organic service revenues down 6.5 percent year on year to EUR 1.12 billion in its fiscal first quarter to end-June compared to a 3.7 percent decline in the January to March period. The result reflects a 2.0 percentage point sequential impact from lower roaming and visitor revenue resulting from the country's Covid-19 lockdown as well as lower business revenue due primarily to project delays, said the company. On a more positive note, low-cost second brand Vodafone Ho Mobile continued to grow strongly, reaching 2.0 million active customers at the end of the quarter.

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Categories: General
Companies: Ho Mobile / Vodafone Italia
Countries: Italy
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