Vodafone returns to growth with rising revenues
- Published
Vodafone says 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% to £10.6bn in the April to June quarter, helped 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 successive quarters of falls for the Newbury-based firm..
"These are the first quarterly results to show service revenue growth since the global recession impacted," said chief executive Vittorio Colao.
Vodafone's last annual pre-tax profits, for the year to March, were £8.7bn.
- Published18 May 2010
- Published8 June 2010