Vodafone’s organic service revenue returned to growth in the mobile phone company’s third quarter
A bullish sign from Vodafone on Wednesday as the world’s number two mobile operators predicted growth would accelerate as global health worries ease that, after it reported an increase in third quarter, revenue Vodafone beat analyst expectations for revenue growth in the three months to December 31st, its 0.4 percent growth easily beats a forecast decline of up to 0.2 percent chief executive nick reed said there was momentum across the business, its largest market,
Germany produced the biggest quarter on quarter improvement among the major European countries.
The firm said service revenue was up. One percent in Germany, with broadband customers upgrading to higher speed plans, while stuck at home shares in Vodafone were up around six percent by mid-afternoon in London, the company reaffirmed its guidance for adjusted four-year earnings of around 17.3 billion dollars.