Science

Vodafone says pressures in India and United Kingdom to weigh on earnings

Vodafone says pressures in India and United Kingdom to weigh on earnings

But, he added: "In the United Kingdom we have made good progress in improving customer service but face heightened price competition in Enterprise". "This is about creating a stronger asset, create the No. 1 telco in the country.build the largest network in India and build the best management team through a combination of the two management teams", Colao said on a call after the British company's thirdquarter earnings.

Within the 1.7% organic service revenue growth, Europe continued to perform well, with organic service revenue up 0.7% in the third quarter, building on 1.0% growth in the second quarter. Vodafone has 8 billion of net debt in the India business.

Underlying revenues in India declined 2% year-on-year over the three-month period, although earlier this week Vodafone revealed it would merge its Indian subsidiary with smaller sector peer Idea Cellular to strengthen its position in the market.

The talks with Idea could lead to Vodafone splitting off its Indian business into a separate entity, which would smooth out the volatility in reported financial results that have hit revenue growth and profits.

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You know what the F is for, right? "Not just free trade. free and fair trade . because its very unfair", the president repeated. Trump says he doesn't care if "it's a renovation of NAFTA or a brand new NAFTA", as long as it's fairer for USA workers.

United Kingdom based Vodafone, too, has been forced to burn cash to hold on to its customer base by offering heavy discounts on its tariff plans. India contributes nearly 11 per cent to Vodafone's global service revenue and is still the fastestgrowing in terms of subscriber additions, but no longer so in terms of the pace of revenue growth. Vodafone past year wrote down the value of the Indian business by more than $5 billion.

Vodafone shares fell 1.5% in early London trading to change hands at 190 pence each, making them the second-biggest faller on Britain's FTSE 100 benchmark and extending their three month decline to around 13%. "We are now more cautious on the outlook for the global markets for this year and next and we've revised downwards our expectations of future growth rates in this part of our business".

The Irish arm of the Vodafone Group said it would invest more than €250 million in 2016/17 across fixed, mobile and an IT transformation programme. The Q3 organic growth rate excludes Netherlands, which is classified as a joint venture and going forwards will be accounted for under the equity method following the creation of VodafoneZiggo Holding B.V on 31 December 2016.


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