Vodafone reported a 3% year-on-year fall in revenues, on an organic basis, in the six months ending September 30th to 20.75 billion British pounds (32.96 billion US dollars). In the quarter ending September 30th, service revenues fell in most of its European operations on an organic basis, but rose by double digits in Ghana, India and Turkey, excluding the impact of regulated cuts to mobile termination rates.
Vittorio Colao, group CEO, said: “There is growing evidence of stabilisation in a number of our European markets, supported by improvements in our commercial execution and very strong demand for data. ... Customers are showing an increasing propensity to trade up to bigger data allowances as a result of the 4G experience. In India, growth has accelerated, stimulated by investment in our 3G network....Today in Europe, only 6% of our customers are using 4G. In the next 18 months, we will reach 90% 4G coverage in Europe, giving us a great opportunity to increase penetration, stimulate data usage and grow customer spend.” source: Vodafone statement