Vodafone’s biggest market Germany goes into reverse

2022.07.25 09:42

Vodafone logo is seen during GSMA’s 2022 Mobile World Congress (MWC) in Barcelona, Spain February 28, 2022. REUTERS/Nacho Doce

LONDON (Reuters) – Mobile and broadband group Vodafone (NASDAQ:VOD) reported a drop in service revenue in its largest market Germany in the first quarter, reflecting broadband and TV losses in the second half of its last financial year after regulation changes.

Overall service revenue growth however, accelerated slightly quarter-on-quarter to 2.5%, helped by Turkey, where high inflation is providing a boost, and Britain.

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