Vodafone beats expectations

first_imgThursday 3 February 2011 7:57 pm whatsapp Show Comments ▼ SMARTPHONE sales helped push Vodafone’s fourth-quarter ahead of expectations yesterday, with total revenues jumping 3.5 per cent to £11.89bn.Revenue in the UK grew seven per cent to £1.26bn, its highest since the second quarter of 2007.The growth was fuelled by an explosion in smartphone uptake, with 49 per cent of contract customers now using next generation handsets, compared to 43 per cent across the whole of Europe. Vodafone UK added 195,000 new customers in the quarter, with 70 per cent adopting smartphones. Data usage was up 27 per cent.Customer growth in India also grew, deflecting attention from the firm’s continuing legal troubles there. Service revenue at the Africa, Middle East and Asia Pacific division was up 9.3 per cent on an organic basis, while European service revenue was up 0.2 per cent.The improved outlook followed solid trading in the third-quarter, with strong growth in India and Turkey and improvements in the UK, Germany and South Africa. Trading stabilised in Italy but remained challenging in Spain, where Vodafone has been hurt by the economic downturn and the loss of migrant construction workers.Vodafone said yesterday the Egyptian government had forced it to withdraw network services for 24 hours and confirmed it had evacuated UK staff and their families from the crisis-hit country. KCS-content Tags: NULL Share whatsapp Vodafone beats expectations More From Our Partners Supermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPuffer fish snaps a selfie with lucky divernypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com last_img

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