Vodafone’s CEO Says End Is in Sight for German Sales Declines

Vodafone Group Plc Chief Executive Officer Margherita Della Valle said the company’s biggest market, Germany, may return to revenue growth in the current fiscal year after heavy competition and a regulatory change cost it millions of customers and pushed down sales.

Vodafone will continue feeling the impact from the legal change — which barred landlords from bundling rent with TV and broadband services — for another quarter, Della Valle said in a call with reporters on Tuesday. The change has cost the company more than half of its TV customers living in housing complexes in Germany, but is projected to stabilize, she added.