Vodafone organic service revenue falls 4.2% in June quarter

Friday 25 July 2014 | 08:36 CET | News
Vodafone reported revenues of GBP 10.20 billion for its fiscal first quarter to June, up 6.2 percent from a year earlier thanks to acquisitions. On an organic basis, revenues were still down 4.4 percent, and service revenue fell 4.2 percent. Vodafone said it was seeing some signs of stabilisation in Europe. Organic service revenue there fell 7.9 percent from a year earlier, with the drop worsening to 15.3 percent in Spain on increased competition and hitting 16.1 percent in Italy. In the UK, the fall was just 3.2 percent, and Germany declined by 4.9 percent. In the AMAP region, organic

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Categories: Mobile & Wireless
Companies: Vodafone
Countries: World
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