Vodafone UK revenue and customer numbers up

Vodafone UK revenue and customer numbers up

Vodafone added 122,000 UK customers during the third quarter ended 30 September, taking its total base to 18.98 million.

UK revenue grew to £2.6bn from £2.5bn a year earlier, due to contract base growth, better churn management, improved ARPU and expanded indirect distribution channels. EBITA was £599m, compared with £583m in the same period in 2009.

Total churn was 38.5%, of which 59% was prepay and 16% contract.

Data revenue growth  remained strong with increasing penetration of smartphones and mobile internet bundles offsetting ‘continued intense competition’ and weaker prepaid revenue.

Meanwhile, the operator launched a strategy update as it looks to create ‘a more valuable Vodafone’ after launching its initial efficiency strategy in November 2008.

The group will focus on Europe, Africa and India with a growth strategy centred around data, enterprise, convergence, emerging markets and services including M2M and financial services.

Overall, group revenue grew 4% to £22bn as the operator increased its full year guidance for adjusted operating profit from £11.8bn to £12.2bn. Group profit for the first half ended 30 September was up 3% to £6bn.

Vittorio Colao, Vodafone CEO, said: ‘I am pleased to report a further improvement in organic service revenue growth, together with upgraded guidance. We have also today announced an updated strategy, which positions Vodafone to realise further value from non-controlled assets, take full advantage of the most valuable telecommunications growth opportunities ahead and which will deliver sustainable revenue growth, stabilising margins and strong free cash flows.’

Written by Mobile Today
Mobile Today


Please wait...

Please write code to prove you're human