Skip to main content
Advertising

Originally published Thursday, February 7, 2013 at 2:06 AM

  • Share:
           
  • Comments (0)
  • Print

Vodafone revenue falls amid tougher competition

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 Associated Press

Most Popular Comments
Hide / Show comments
No comments have been posted to this article.
Start the conversation >

advertising

LONDON —

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 handsets.

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

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

News where, when and how you want it

Email Icon


Advertising