Vodafone revenue falls amid tougher competition

February 7, 2013

Telecommunications company Vodafone says its revenue dropped 2 percent in the third quarter due to tougher competition, a weak economy, and regulatory changes at home and abroad.

The company said that revenue in the quarter ending on Dec. 31 fell to 11.4 billion pounds ($17.4 billion).

Several factors have been hurting Vodafone's earnings. In Britain and Italy, lower fees translated into a fall in revenue. In Spain, Vodafone said it lost customers after deciding to pull subsidies on its .

CEO Vittorio Colao said Thursday that, overall, the company faced "very difficult market conditions in Europe."

Vodafone did not publish a figure and a call to the company was not immediately returned.

Explore further: Vodafone to buy out Indian partner for $5B

0 shares

Related Stories

Vodafone buys out Essar from India unit for $5 bn

July 2, 2011

British mobile phone giant Vodafone is taking full control of its Indian joint venture by buying out its local partner Essar Group, a statement said Saturday, ending a troubled relationship.

Texas Instruments lowers 4Q outlook

December 9, 2011

(AP) -- Semiconductor maker Texas Instruments Inc. lowered its outlook for its fourth-quarter revenue and profit on Thursday, saying demand had weakened for a variety of products that use its chips.

Vodafone Q3 revenue down 7.7 percent

July 20, 2012

(AP) — Vodafone Group PLC, Europe's largest mobile phone company, said Friday that revenue fell by 7.7 percent in the three months ending June 30 compared with a year earlier as gains in emerging markets were offset ...

Recommended for you

Microsoft describes hard-to-mimic authentication gesture

August 1, 2015

Photos. Messages. Bank account codes. And so much moreā€”sit on a person's mobile device, and the question is, how to secure them without having to depend on lengthy password codes of letters and numbers. Vendors promoting ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.