je.st
news
Vodafone organic service revenue growth improves to 1.4%
2016-02-04 08:35:00| Telecompaper Headlines
(Telecompaper) Vodafone Group confirmed its full-year outlook after reporting a small improvement in underlying growth rates in its fiscal third quarter. In the three months to December, the operator's organic revenues rose 2.6 percent year-on-year, excluding exchange rate effects and any acquisitions or divestments. Service revenues were up up 1.4 percent on an organic basis, better than the 1.0 percent growth in the previous quarter. In Europe, organic revenue was still down 0.6 percent, while the Africa, Middle East and Asia Pacific region increased revenue 6.5 percent on an organic basis. Vodafone's reported revenues were still down 5.5 percent to GBP 10.283 billion due to forex effects, and service revenue declined 6.3 percent to GBP 9.169 billion. In Europe total revenues fell 7.1 percent to GBP 6.038 billion, and AMAP revenues were down 3.6 percent to GBP 2.926 billion on a reported basis.
Tags: service
growth
revenue
organic
Category:Telecommunications