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Vodafone underlying service revenue turns lower in Q1 as pandemic reduces roaming, business revenue

2020-07-24 08:37:00| Telecompaper Headlines

(Telecompaper) Vodafone's underlying service revenues turned lower again in its fiscal first quarter to June, with a drop of 1.3 percent in organic service revenue compared to growth of 1.6 percent in the previous quarter. The company blamed the drop on less roaming revenue and slower business activity due to the Covid-19 pandemic and said it still expects to meet its targets for full-year EBITDA and cash flow. 

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