“Vodafone reported a further fall in income in Germany – its key market, which has become a weak place against the background of growth in the United Kingdom, Turkey and Africa.”, – WRITE: epravda.com.ua
Vodafone reported a further fall in income in Germany – its key market, which has become a weak place against the background of growth in the United Kingdom, Turkey and Africa. Reuters writes about it. According to the results of the third quarter, revenues from services in Germany decreased by 6.4% after falling by 6.2% in the second quarter. It is assumed that the reason is changes in the legislation on paid television, as well as increased competition in the mobile sector. Because of this, Vodafone has lost more than half of the clients who used cable television services in apartment buildings. Advertising: against the background of such results, the company fell by more than 6%, destroying the entire profit received over the last year. At the same time, in the United Kingdom, where Vodafone is preparing for merger with Three operator, the income from the services increased by 7.6%. The number of mobile subscribers has increased by 37 thousand, and the clients of the broadband Internet – by 72 thousand, despite problems in Germany, the company saves a forecast for a year, waiting for 11 billion euros of basic profit and at least 2.4 billion euros of adjusted free cash flow.