Vodafone has published quarterly results for the three-month period ending 31st December 2011.
Reported revenue for the group decreased by 2.3% to £11.6 billion, although this is said to be equivalent to an ‘organic’ 1.6% year-on-year increase when acquisitions, exchange rates and inter-company changes are factored in. Group service revenue was up by an organic 0.9% but mobile termination rate cuts contributed to this being a reported 3.2% drop.