Mobile network operator Vodafone Group reported sales in line with analysts’ expectations, but slightly lowered its outlook going forward.
Vodafone now expects revenue to be around the bottom of the range
Sales for the quarter ending June 30 were
Among the highlights for the quarter, data revenue for the group rose 50 percent, while in India Vodafone’s voice and data revenue grew more than 50 percent.
However, voice revenue across the group declined by 3.6 percent compared with the same quarter last year, as per-minute rates were driven down by price competition and regulation, notably of termination rates and roaming prices, according to Vodafone.
The report is CEO Arun Sarin’s last hurrah, since he will step down on July 29 after five years as the head of Vodafone, to be replaced by his deputy Vittorio Colao.
Vodafone now has 269 million subscribers, an increase of 8.5 million during the quarter.