Vodafone said its group service revenue fell 4.9% year-on-year on an organic basis in the quarter ending September 30, driven down by a 15.5% fall in southern Europe and a 4.9% decline in northern and central Europe. Vodafone blamed regulated cuts in mobile termination rates and a fall in enterprise service revenue brought about by "intense price competition across a number of our markets." Outside of Europe, Vodafone's organic service revenue climbed 5.7%.
Planning to invest more than 19 billion British pounds (30.6 billion US dollars) by March 2016, Vodafone reported that 56% of its 3G footprint in Europe now operates at peak speeds of 43.2 Mbps, up from 29% one year ago. It has launched 4G services in 14 markets and now offers "next generation unified communications capability" in 12 markets. source: Vodafone presentation
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