View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Networks
July 18, 2013

Vodafone’s revenue declines in key European markets

But firm sees growth in India and Turkey.

By Joe Curtis

Vodafone’s quarterly revenue has declined steeply across key markets in Europe.

The mobile phone giant suffered its biggest losses in Italy and Spain, where revenue dropped 17.6% and 10.6% respectively for the three months ending June 30 compared to the same period last year.

In Germany revenue dropped 5.1% and in the UK by 4.5%.

The company blamed increased competition for its problems in northern Europe but admitted that European markets on the whole remained "challenging", partly down to weak economies.

The firm met with more success in the emerging markets of Turkey and India, where revenue grew 15.5% and 13.8% respectively.

India’s data usage also increased by 29% compared to the last three months of 2012, particularly amongst 3G customers, who numbered 3.7m as of June 30, contributing to active data customers totaling 41.2m.

CEO Vittorio Colao said: "Although regulation, competitive pressures and weak economies, particularly in Southern Europe, continue to restrict revenue growth, we continue to lay strong foundations for the longer term.

Content from our partners
An evolving cybersecurity landscape calls for multi-layered defence strategies
Powering AI’s potential: turning promise into reality
Unlocking growth through hybrid cloud: 5 key takeaways

"We have made a good start to the year in our areas of strategic focus: growth in emerging markets has accelerated."

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU