Vodafone Misses Growth Expectations in Key Market Germany

Vodafone Group Plc grew more slowly than expected in Germany, its largest market, bucking expectations of stronger growth after bringing on 1&1 AG as a wholesale mobile customer.

Organic service revenue in Germany rose 0.7% for its fiscal third quarter to €2.7 billion ($3.2 billion), the UK telecommunications operator said in a statement on Thursday. Analysts expected an improvement of 1.02%, according to estimates compiled by Bloomberg.