Vodafone revenue returns to growth
VODAFONE has said quarterly service revenues have risen for the first time since the global recession hit.
The world’s largest mobile operator by revenue saw organic service revenue rise 1.1 per cent to £10.6bn in the April to June quarter – boosted by improvements in Germany, Britain and Turkey.
The company said its focus in Europe on data traffic – accessing the internet had improved its performance there.
In Turkey, Vodafone achieved its highest quarterly revenue to date.
The increase in service revenue comes after three quarters of falls.
Chief executive Vittorio Colao said: “These are the first quarterly results to show service revenue growth since the global recession impacted.”
Vodafone’s last annual pre-tax profits, for the year to March, were £8.7bn.