Vodafone stems sales decline as UK revenue rises 0.2pc

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Revenue for three months ending June 30 £1.4 billion with operator adding 83,000 contract customers

Vodafone has announced a quarterly revenue increase in the UK of 0.2 per cent to £1.4 billion, but growth for the operator was flat year-on-year for the three months up to June 30.

The UK’s third largest operator added 83,000 contract customers during Q1 but lost 181,000 pre-paid, bringing its overall base to 18.3 million.

It’s 4G customer base grew March to 4.7 million, while outdoor population coverage grew to 68 per cent, including “complete” coverage across London.

Fixed service revenue from its enterprise base declined by 1.7 per cent to £325 million. The operator launched its consumer broadband proposition last month in selected regions but is due to roll it out nationally later this summer.

Group service revenue up 0.8 per cent

Vodafone Group saw service revenue increase by 0.8 per cent for the quarter to £9.1 billion, while overall mobile customer numbers grew from 445 million to 449 million.

The statement from the operator said its £20 billion Project Spring investment is now 71 per cent complete, having modernised 80,000 existing mobile sites. It has also added 36,000 2G, 47,000 3G and 41,000 4G additional sites.

Outdoor 4G coverage in Europe reached 75 per cent during the quarter, up from 52 per cent during Q1 last year, while the dropped call rate fell from 0.9 per cent to 0.58 per cent.

Data traffic carried across Vodafone’s entire network grew by 78 per cent year-on-year, as Vodafone Groups 4G customer base rose to 24.1 million in 18 markets.

It’s enterprise business grew for the second consecutive quarter, with service revenue up 1.8 per cent, while it’s M2M connection base increased from 17.5 million connections in July 2014 to 22.9 million on June 30 this year. Vittorio-Colao-web

Vodafone Group CEO Vittorio Colao (pictured) said: “We have made a good start to the year. Our emerging markets have maintained their strong momentum and more of our European businesses are returning to growth, as customer demand for 4G and data takes off.

“We continue to hit our Project Spring build milestones and customers are beginning to value the improvement in service that is resulting.

“Our other key growth areas – unified communications and enterprise – are performing strongly, benefiting from the increased capabilities and footprint that our higher levels of investment are delivering.

“However, our markets are, as always, highly competitive and we therefore have to remain very focused on efficiency, cost control, and excellent value and service to customers, while continuing to deliver a good return for shareholders.”

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