Vodafone Q3 revenue rises 4.2% on Türkiye, India growth

The Times of India - Vodafone Group, the world’s biggest mobile-phone company by sales, said third-quarter revenue from wireless services rose 4.2%, beating analyst estimates on growth in India and Türkiye. Growth in the quarter ended December 31 decelerated from 4.8% a year earlier. The Newbury, England-based company was predicted to have a service revenue gain of 3.6%, the median estimate of five analysts in a Bloomberg News survey. Service revenue includes voice, data, messaging and broadband sales. It excludes sales of handsets and accessories. Chief executive officer Arun Sarin said Vodafone achieved ’modest’ revenue gains in Europe by offsetting 15%-20% price declines with sales of wireless internet and e-mail services. Vodafone was also helped by new customers in Türkiye and India, Sarin said on a conference call with reporters. Vodafone had bought Türkiye’s Telsim Mobil Telekomunikasyon Hizmetleri in 2006 for $4.55 billion.