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General

Vodafone Spain sales fall 13.4%, hits 1 mln ADSL customers

Tuesday 20 May 2014 | 11:01 CET | News
Vodafone Spain saw its organic service revenues for the year to March contract by 13.4 percent to GBP 3.23 billion, following drops of 10.6, 16.1 and 14.1 percent in the previous three fiscal quarters. The company once again attributed the steady decline in revenue to intense price competition, above all in the converged market, as well as the July 2013 cut to mobile termination rates. Nevertheless, the operator said that revenue trends began to improve towards the end of the year due to a lower customer churn. Mobile in-bundle revenue came in at GBP 452 million, from GBP 486 million a year

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Categories: General
Companies: Ono / Vodafone Spain
Countries: Spain
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