Friday, 18 August 2017

India again weighs on Vodafone's financials

By Nick Wood, Total Telecom
Thursday 02 February 17

U.K.-based telco group expects to meet the lower end of its full-year EBITDA guidance range.

Vodafone on Thursday reported slower year-on-year growth in group service revenue for its fiscal third quarter ended 31 December, as fierce competition and demonetisation in India took its toll. The U.K.-based telco group said it expects to meet the lower end of its full-year EBITDA guidance range. India is "affected by free services from the new entrant," said Vodafone CEO Vittorio Colao…

Vodafone on Thursday reported slower year-on-year growth in group service revenue for its fiscal third quarter ended 31 December, as fierce competition and demonetisation in India took its toll. The U.K.-based telco group said it expects to meet the lower end of its full-year EBITDA guidance range. India is "affected by free services from the new entrant," said Vodafone CEO Vittorio Colao…

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