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This weblog captures key data points in the development of the global telecoms industry.

Friday, July 20, 2012

Southern Europe Holds Vodafone Back





Vodafone said that its service revenue rose 0.6% year-on-year to 10 billion British pounds (12.8 billion euros) in the quarter ending June 30th, on an organic basis. A 17.1% growth in data revenues was offset by declining voice revenues, partly caused by cuts in regulated mobile termination rates. Messaging revenue fell by 1.2% after growing 2.4% in the previous quarter.

Vodafone's revenues grew rapidly in Ghana, Turkey and India, but declined sharply in Australia and southern Europe.  The company noted: "On a regional basis we continue to benefit from a
relatively stable macroeconomic environment in northern Europe, but macroeconomic and competitive pressures in southern Europe have intensified further." source: Vodafone statement and presentation


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