Thursday, 27 July 2017

Voda numbers hint at stabilisation in European telecoms

By Mary Lennighan, Total Telecom
Tuesday 19 May 15

Telco's growth still driven by operations outside Europe, but European service revenue shows smaller decline than in previous quarters.

Vodafone on Tuesday posted a return to quarterly service revenue growth in a set of financials that suggest an uptick in the European telecoms market. The mobile group posted revenues of £10.59 billion in its fiscal fourth quarter, an increase of 2.6% on an organic basis, while service revenues improved by 0.1% organically to £9.57 billion. Growth was driven by the telcos's Africa…

Vodafone on Tuesday posted a return to quarterly service revenue growth in a set of financials that suggest an uptick in the European telecoms market. The mobile group posted revenues of £10.59 billion in its fiscal fourth quarter, an increase of 2.6% on an organic basis, while service revenues improved by 0.1% organically to £9.57 billion. Growth was driven by the telcos's Africa…

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