Friday, July 21, 2017
Vodafone Sees Some Stability in India
Vodafone reported a 2.2% year-on-year increase in service revenue on an organic basis for the quarter ending June 30. The rise was fuelled by a 7.9% increase in revenues from Africa, Middle East, Asia and Pacific, whereas Europe saw more muted growth of 0.8%.
Vittorio Colao, CEO, said: “Although competition in India remains intense, service revenues stabilised compared with the prior quarter. Our substantial investments in network leadership, an excellent customer experience and even greater ‘more-for-more’ propositions for customers are enabling us to monetise strong demand for mobile data. .. Our world-leading Internet of Things platform contributed to another quarter of solid growth in enterprise.” source: Vodafone statement
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