Vodafone, the world's largest mobile operator by sales, said its organic revenues slipped 2% year-on-year to 10.74 billion pounds (17.64 billion US dollars) in the quarter ending June 30, despite a 19% climb in organic revenue from data services to 888 million pounds.
Hit by the weak economy and termination rate cuts by regulators, organic service revnues fell 8% year-on-year in Spain and almost 5% in Germany and the U.K., while rising 3% in Italy and 23% in India. Capital expenditure was up 4% year-on-year to 1.18 billion pounds in the quarter. source: Vodafone statement
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