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Friday, July 23, 2010

Vodafone quarterly figures show revenue growth

Vodafone has published quarterly results for the three months ending 30th June 2010. In the UK, service revenue was up 0.7%, contract churn had dropped to 15.5% and 245,000 net contract customers had been added.

Vittorio Colao, Vodafone's Chief Executive, said "These are the first quarterly results to show service revenue growth since the global recession impacted. We have achieved these results through our continuing commercial approach in key European markets, focusing especially on data, and from strong growth in emerging markets, with India now cash positive at an operating level and our highest ever quarterly revenue in Turkey. The financial outlook for the current year is confirmed."

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Author: The Fonecast
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