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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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Vodacom Group revenues down 1.1% in Q3

2015-02-04 09:45:00| Telecompaper Headlines

(Telecompaper) Vodacom Group said it signed up 5.1 million new subscribers in the 12 months to 31 December, reaching a total 61.1 million at the end of 2014. Active data customers grew by 16.4 percent to 26.5 million. Group revenue for the fiscal third quarter to December decreased 1.1 percent, or 2.2 percent on an organic basis, to ZAR 19.99 billion. Organic service revenue fell 3.9 percent to ZAR 15.82 billion. Excluding the impact of the 50 percent cut in mobile termination rates in South Africa, group revenue increased 1.5 percent and service revenue rose 0.6 percent. At the operator's international activities, service revenue grew 7.6 percent to ZAR 3. 97 billion and 25.1 percent of the total (Q3 2014: 22.7%). The international customer base increased 18.6 percent to 29.7 million, and outgoing voice traffic grew 49.8 percent. The slower growth in service revenue reflects the on-going price competition and regulatory pressures in key markets. M-pesa revenue grew 28.2 percent, contributing 9.4 percent of service revenue. M-pesa customers increased 29.7 percent to 7.6 million, reflecting strong uptake in all markets.

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