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Vodafone slows drop in revenue, capex up 39% in Q3

Thursday 5 February 2015 | 08:24 CET | News
Vodafone Group slowed the decline in organic service revenue to 0.4 percent in its fiscal third quarter to December. In Europe, organic service revenues fell 2.7 percent to GBP 6.63 billion, as the mobile operator returned to growth in the UK and the drop in revenues relented to 1.0 percent in Germany. In the Africa, Middle East and Asia region, organic service revenue grew 5.9 percent year-on-year to GBP 3.06 billion, led by strong demand for data services. The company also reported a 39 percent increase in capital expenditure to GBP 2.13 billion. Vodafone said its Project Spring investment

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Categories: Mobile & Wireless
Companies: Vodafone
Countries: Europe / World
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