Tuesday, May 22, 2012
Vodafone Ekes Out Growth
Vodafone said its revenue rose 2.8% on an organic basis year-on-year to 11.28 billion British pounds in the quarter ending March 31. In the year to March 31, total group revenue was up 2.2% to 46.42 billion British pounds (73.24 billion US dollars), with service revenues up by 1.5%. Revenue in India rose 19.5% and in Turkey 25.1% over the year, but service revenue in Europe fell 1.1% as regulators cut mobile termination rates.
The Newbury-based group said messaging usage continued to rise in most markets, except for Spain and the Netherlands, adding: "We have made good progress on integrated tariffs, which combine allowances for voice, SMS and data in one monthly fee. In Q4, 43.2% of consumer contract revenue in Europe was from customers on integrated tariffs. This gives us improved visibility of revenue and reduces our exposure to customers using data bundles to substitute voice and SMS usage." source: Vodafone presentation
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