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Tag: revenues fall
Dutch mobile service revenues fall 6.7% in Q2
2013-08-20 08:21:00| Telecompaper Headlines
(Telecompaper) Dutch mobile service revenues contracted 6.7 percent year-on-year in the second quarter of 2013 to a total EUR 1.38 billion. According to Telecompaper's quarterly mobile monitor, the annual rate of decline is more than twice that of the same period last year, as a drop in non-voice revenue (SMS and data) added to the continued fall in voice revenues. Seasonally the second quarter is stronger than the first, but this year's quarterly growth of 0.6 percent was a third of last year's rate, with revenues increasing by only EUR 8 million. Non-voice services now contribute 40 percent of total mobile service revenue, but these are not growing fast enough to offset fully the erosion in voice revenues. The weak market performance in the first half of 2013 has led to a downgrade in Telecompaper's outlook for the Dutch mobile industry. For 2013 we now expect the Dutch market to show a decline of around 6 percent to EUR 5.5 billion in service revenue over the full year. For the period 2013-2017, the Dutch market is expected to show a negative CAGR of 2.5 percent, reaching around EUR 5.1 billion in revenues in 2017.
Tags: service
mobile
fall
dutch
Vodafone quarterly service revenues fall 3.5%
2013-07-19 09:00:00| Telecompaper Headlines
(Telecompaper) Vodafone reported a continued decline in underlying service revenues in its fiscal first quarter to June, as the slowdown in southern Europe started to move to its northern Europe operations as well. Total service revenues for the quarter were up 2.5 percent to GBP 10.155 billion, helped by a strong contribution from Verizon Wireless in the US and positive currency effects. However, on an organic basis, service revenues were down 3.5 percent from a year earlier, as a 3.0 percent drop in north Europe and 14.4 percent decline in south Europe could not be offset by 5.9 percent growth in Africa, Asia and the Middle East. Capex increased 6.9 percent from a year earlier to GBP 1.193 billion, and free cash flow rose 2.7 percent to GBP 968 million. Despite the competitive and regulatory pressure in Europe, Vodafone said growth was accelerating in emerging markets and it was making progress on strategic initiatives such as 4G and the planned takeover of Kabel Deutschland. Over 5 million customers are now using its new Red plans, which helped drive a 9 percent organic increase in in-bundle revenues in the quarter. The operator maintained its outlook for the full year for a small rise in adjusted operating profit and stable capex.
Tags: service
fall
quarterly
revenues