Vodafone adds 410,000 customers

Vodafone adds 410,000 customers

Vodafone is catching up with O2’s lead after it added 410,000 customers during the quarter ended December 31, taking its total to 19.1 million UK customers.

The operator reported its results for the third quarter today (4 February).

UK service revenue declined by 4.9% to £1.17bn, due to a fall in voice revenue, price reductions and termination rate cuts effective from July 2009.

However, the company said the decline had improved on the previous quarter driven by strong customer additions ‘achieved by the launch of new products and indirect distribution channels’.

Churn in the UK was 36.9% - 18.1% contract and 51.7% prepaid.

Group revenue increased by 10.3% to £11.5bn, while Vodafone’s overall customer base reached 333 million, with 10.3 million net additions during the quarter.

Vodafone CEO Vittorio Colao,said: ‘Service revenue trends have improved with continuing growth in our data and fixed line revenue.’

‘Free cash flow guidance has been raised reflecting the impact of our cost and working capital reduction programmes. We are on track to deliver on our strategic priorities in the current financial year.’

Written by Mobile Today
Mobile Today

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