Vodafone’s European revenues decline, despite data boost
Vodafone Group's quarterly data service revenues have breached the £1 billion mark for the first time. Third quarter figures show that data revenues for the quarter ended December 31 2009 totalled just over £1 billion, against £786 in the same quarter in 2008.
In Europe, data revenues now account for 11% of all revenues, generating £792 million - a rise of 23.4% on 3Q 2008.
Voice revenues continue to decline. Although voice accounts for £4.4 billion of the total service revenues in Europe of £7.2 billion, voice revenues were down 4.5% year on year. Across the Group, voice revenues showed a similar decline, falling 5.3% year on year.
Messaging revenues were up 5.3% in Europe, with fixed line revenues also rising 18% to £775 million.
The impact of that decline in voice revenues was felt across the continent - as service revenues from Vodafone's European operations declined 3.2% overall. Service revenues fell in Germany, the UK and Spain, although Vodafone said the trend was positive in each case, with the rate of revenue decrease slowing in Germany and the UK, and stable in Spain. Italy showed service revenue growth of 0.7%
Across the global Group, however, there was better news. Assets in Asia Pacific and the Middle East generated revenue increases of over 10% and Verizon revenues were up 4.7%.
This, along with increases in data and fixed line revenues led to an overall increase in service revenues of 10.3%, to £11.5 billion, and Vodafone CEO Vittorio Colao said that the operator is "on track to deliver our strategic priorities".
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