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Vodafone's revenue growth slows in third quarter
Written By Reuters
Published: 1:23 PM, Jan 25, 2019 | Updated: 1:23 PM, Jan 25, 2019
The world`s second largest mobile operator, however, reiterated its full-year guidance of around 3 percent growth in underlying adjusted core earnings and free cash flow
Vodafone said its key revenue measure deteriorated in the third quarter, Image source: Reuters
Vodafone said its key revenue measure deteriorated in the third quarter, down 40 basis points quarter-on-quarter to 0.1 percent, reflecting continuing price competition in Spain and Italy and a slowdown in South Africa.
The world`s second largest mobile operator, however, reiterated its full-year guidance of around 3 percent growth in underlying adjusted core earnings and free cash flow, before spectrum costs of about 5.4 billion euros.
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