Wednesday, May 18, 2011
Vodafone Sees Small Growth Spurt
Vodafone Group, one of the world's largest mobile operators, said its group revenue climbed 4.2% year-on-year on an organic basis in the quarter ending March 31, lifted by a 2.5% rise in service revenues. Group revenue in the year ending March 31 climbed 2.8% on an organic basis to 45.88 billion UK pounds (74.28 billion US dollars).
Vodafone reported organic service revenue growth of 11.8% in the quarter in its operations in Africa, the Middle East and Asia-Pacific, supported by "increasing voice penetration and a more stable pricing environment" in India. However, the U.K.-based group said that its organic service revenue fell 0.8% in Europe in the quarter as declines in southern Europe more than offset growth in Turkey, Germany, the U.K. and The Netherlands.
Vodafone said its smartphone penetration in Europe is now up to 18.7% from 11.6% a year earlier. Some 48% of these smartphone customers are taking some form of data plan, up 6 percentage points year-on-year. Vodafone said the volume growth in data traffic is easing and it expects capital expenditure in the year ending March 31, 2012 to be at a similar level to the previous year. source: Vodafone presentation
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