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Vodafone Sales Miss Estimates as Spain Spending Declines

Vodafone Group Plc reported first-quarter service revenue that missed analysts’ estimates as customers in Spain and Italy cut spending and growth in India slowed.

Service revenue, excluding currency swings and acquisitions, gained 0.6 percent in the three months ended June 30, the world’s second-biggest mobile-phone company said today. Analysts had predicted growth of 0.8 percent, according to the average of estimates in a Bloomberg survey. The stock dropped 1.7 percent in London.