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Vodafone slows drop in revenue, capex up 39% in Q3
2015-02-05 08:24:00| Telecompaper Headlines
(Telecompaper) Vodafoe Group slowed the decline in organic service revenue to 0.4 percent in its fiscal third quarter to December. In Europe, organic service revenues fell 2.7 percent to GBP 6.63 billion, as the mobile operator returned to growth in the UK and the drop in revenues relented to 1.0 percent in Germany. In the Africa, Middle East and Asia region, organic service revenue grew 5.9 percent year-on-year to GBP 3.06 billion, led by strong demand for data services. The company also reported a 39 percent increase in capital expenditure to GBP 2.13 billion. Vodafone said its Project Spring investment programme was progressing well, leading to a reduction in dropped calls and 65 percent 4G coverage in Europe. Over time, the compny expects the improved networks will lead to further improvements in churn, ARPU and customer perception. Vodafone has launched LTE in 18 markets and said it had 13.7 million customers using 4G. The operator confirmed its outlook for the full year to March of EBITDA of 11.6-11.9 billion and positive free cash flow after capex.
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Category:Telecommunications
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