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Vodafone June quarter 2011 results: Spain continues to drag - Venture Insights

Report Overview

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Vodafone June quarter 2011 results: Spain continues to drag

PublisherEnders Analysis.
Publish Date July 24, 2011
Sector Fixed Line (Internet and Voice), Mobile and Wireless Technology.
Company Orange, vodafone.

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Vodafone Europe’s service revenue growth dropped by 0.5ppts to -1.3% in the June quarter, although most of this was due to a sharp MTR cut in the UK

Revenue in Spain was very weak due to a price re-adjustment, but trends elsewhere were broadly positive, with voice minutes growth improving overall

Medium term prospects are good, with MTR cuts fading, competitive performance improving and data growth likely to re-accelerate, but we expect declining growth in Turkey to drive a worse performance in the short term