Vodafone Grows the Top Line

Vodafone Group said its organic service revenues rose 1.3% year-on-year in the quarter ending September 30th to 11.04 billion British pounds (17.77 billion US dollars), despite a 4.5% fall in voice revenues. Messaging revenues climbed 4.8% and data revenues 23.1%. Vodafone's Indian operation reported a 20.1% rise in organic service revenues to 1.06 billion pounds, but organic service revenues fell 9.3% in Spain to 1.17 billion pounds.

Vodafone said it is now making 250 million pounds a year from "new services" - 6.2 million machine-to-machine connections, operator billing, 27 million money transfer users, push mobile advertising and near field communications. Vodafone believes its addressable markets for these services will be worth 10 billion pounds by 2020. source: Vodafone presentation