After seeing a 0.4% fall in underlying revenues to 41 billion pounds (63.28 billion US dollars) for the year to March 31 2009, Vodafone said that its expects "recent revenue trends to continue." The impact of rising customer numbers in India and Africa and a 26% increase in data revenue (excluding messaging) to more than 3 billion pounds, were offset by lower growth in usage and double digit price declines in Europe. Revenue in Western Europe declined by 2.1% on an organic basis with Spain and Germany seeing the largest falls.
In India, revenue grew by 33% on a pro-forma basis, with growth slowing in the January to March quarter to 28% at constant exchange rates. In the year to March, Vodafone increased capital expenditure by 16% to 5.9 billion pounds, including 1.4 billion pounds in India. The Newbury-based operator is planning a similar level of capital expenditure in the year to March 31, 2010. source: Vodafone statement