Vodafone's biggest market Germany goes into reverse

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Mobile and broadband group Vodafone reported a drop in service revenue in its largest market Germany in the first quarter, reflecting broadband and TV losses after regulation changes.

Overall service revenue growth however, accelerated slightly quarter-on-quarter to 2.5%, helped by Turkey, where high inflation is providing a boost, and Britain.Vodafone said its German TV customer base fell by 79,000 while its cable broadband service saw a 34,000 decline after regulatory changes ended processes like automatic recontracting, resulting in a 0.5% decline in service revenue in the country.

He said in November he was pursuing consolidation in a number of Vodafone's European markets, as well as opportunities for its towers business, Vantage Towers. Vodafone Ireland results show that service revenue for the first quarter reached €210M, an increase of 5.4% year-on-year driven by continued growth in mobile and fixed broadband.

"It has been another strong quarter with growth across all our business areas," said Anne O'Leary, CEO of Vodafone Ireland.

 

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