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PRIVACY
Tech

Vodafone says there are strong signs of recovery partially thanks to more visitors

The company said revenues were up 0.9% in the quarter

Mobile phone giant Vodafone said revenues in the º£½ÇÊÓÆµ improved in the final three months of 2021 with more visitors leading to an increase in roaming charges.

The company said revenues were up 0.9% in the quarter compared with a 0.6% rise in the previous three months, although there was a fall in business customers.

Bosses said they signed up 152,000 new mobile customers, with good demand for iPhones and a successful Black Friday campaign.

Customer loyalty rates improved, with churn down by 1.9 percentage points year on year to 12.5%, it added.

Vodafone’s broadband customer base also increased by 29,000 in the quarter, meaning the company now offers the service to nearly one million customers.

The falls in business contracts was due to pressure on persuading multinational customers to renew and a decision to end a multinational contract in the previous quarter.

Vodafone’s º£½ÇÊÓÆµ business fared better than its Italian and Spanish offerings, which saw revenues dip 1.3% and 1.6% respectively.

In both countries, the business said price pressures and tough competition were to blame.