Vodafone chief hails 'robust' performance
Mobile phone giant Vodafone today reported revenues growth in line with expectations ahead of a key shareholder vote on Tuesday.
Vodafone said it had achieved 6.4% organic growth in total mobile revenues for the quarter to June 30 and was on target to achieve between 5% and 6.5% growth for the year.
Chief executive Arun Sarin, who is facing the prospect of a major shareholder vote against his re-election to the board at the annual general meeting tomorrow, said: “This is a robust operating performance in testing markets with revenue for the quarter in line with expectations.”
Vodafone said it acquired 4.5 million new customers, with a further 11.7 million from the acquisition of Telsim in Turkey. The company's total customer base is now at 186.8 million.
The phone giant also said it had seen continued growth across its 3G platform, with 1.3 million 3G devices added. The total 3G device base is now 9.1 million in the group’s subsidiaries and joint ventures and a further two million in the group’s associates.
