Saturday, 24 June 2017

Vodafone reports solid Q1 despite European declines

By Nick Wood , Total Telecom
Friday 24 July 09

Mobile operator squeezed in core markets; Colao admits 'negative iPhone effect' in U.K.

Vodafone on Friday reported solid first quarter results and confirmed its full-year guidance as foreign exchange gains, ongoing cost savings and M&A activity helped to offset a decline in its core European business. "Europe is Vodafone's core market and its business there is suffering a bit, but this is to be expected," said Ovum analyst Raymond Yu. He explained to Total Telecom that consumers have been exercising more control over their mobile spending during the recession…

Vodafone on Friday reported solid first quarter results and confirmed its full-year guidance as foreign exchange gains, ongoing cost savings and M&A activity helped to offset a decline in its core European business. "Europe is Vodafone's core market and its business there is suffering a bit, but this is to be expected," said Ovum analyst Raymond Yu. He explained to Total Telecom that consumers have been exercising more control over their mobile spending during the recession…

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