Future Of British Business
Vodafone CEO Sees Sales Growth Accelerating in German Market
- Organic service revenue for Vodafone Business grew 5%
- Company reiterates plan to explore deals for Italian unit
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Vodafone Group Plc’s Chief Executive Officer Margherita Della Valle said she expects to see an acceleration of service revenue growth in Germany, the telecommunications company’s largest market, after the company lost customers when it rolled out higher prices.
Overall organic service revenue rose 4.7% to €9.38 billion ($10.1 billion) in third fiscal quarter that ended in December, Vodafone reported on Monday. That beat the 4.3% average estimate by analysts in a Bloomberg survey.