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Vodafone's revenue growth slows in third quarter

Vodafone's revenue growth slows in third quarter

Vodafone's revenue growth slows in third quarter
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By Reuters Jan 25, 2019 1:06:11 PM IST (Published)

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.

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.

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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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