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Grappling for green shoots at Vodafone UK - Venture Insights

Report Overview

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Grappling for green shoots at Vodafone UK

PublisherEnders Analysis.
Publish Date January 31, 2019
Sector Telecom.
Company vodafone.

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Vodafone’s revenue trends took another step backwards this quarter (down almost 3% on our estimates) with its strongest markets (UK and Germany) weakening unexpectedly

The reiteration of their financial guidance and commitment to cost-reduction provides some reassurance although nothing in the results provides grounds for optimism; churn is not really falling and is not correlated to convergence

With the UK mobile market delivering its strongest growth in 7 years last quarter, these results may be a precursor for a more challenging outlook with Vodafone citing pressure from business pricing and out-of-bundle limits, and the outlook for RPI-linked price increases diminishing