Vodafone Service Revenue Drops on Southern Europe Slump
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Vodafone Group Plc, the second-largest mobile-phone company, reported declining revenue for a second consecutive quarter as customers in Europe reduced spending amid slowing economies.
Service sales fell 2.6 percent in the third quarter ended Dec. 31, excluding the impact of acquisitions and currency fluctuations, the Newbury, England-based company said today in a statement. Analysts had predicted a 2.4 percent decline in service revenue, which includes voice, data and messaging, according to data compiled by Bloomberg.