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Stock Market News

Vodafone’s biggest market Germany goes into reverse

07/25/2022

Less than a minute

2022.07.25 09:42

Vodafone's biggest market Germany goes into reverse
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.

Source

07/25/2022

Less than a minute