Vodafone End Quarter 14% Up on Sales

Mobile phone company Vodafone has ended their third quarter with a group sales increase of just over 14% as at 31 December 2008.

Vittorio Colao, Chief Executive, commented: “Our underlying performance showed similar trends to the previous quarter, with pro forma service revenue up 1.4% including India and at constant exchange rates. In the context of the current economic environment, we have continued to implement our strategy, with an emphasis on customer value, mobile data, Enterprise and fixed broadband.

This has driven increased usage, 25% organic growth in data revenue and over 280,000 fixed broadband additions in Europe. We have also made progress on our plans to reduce costs by £1 billion by March 2011. Underlying guidance is confirmed.”