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Vodafone reaches 200M customers, reports organic growth of 6.1% for the quarter in proportionate mobile revenue
January 31, 2007
NEWBURY, U.K. -- Vodafone Group Plc ("Vodafone") today announces key performance indicatorsfor the quarter ended 31 December 2006. The main highlights are:
Organic growth of 6.1% for the quarter in proportionate mobile revenue, withproportionate growth of 0.9% in Europe and 14.4% in EMAPA. Nine months yearto date organic growth in proportionate mobile revenue of 6.1%
On a statutory basis, growth in total revenue for the quarter was 5.1%, withorganic service revenue growth of 4.8%
8.7 million proportionate organic net mobile additions for the quarter.Total proportionate mobile customer base at 198.6 million at the end of thequarter after a net reduction of 1.7 million mobile customers from othermovements, principally business disposals
Total proportionate mobile customer base over 200 million by the end ofJanuary
2.5 million 3G devices added, bringing total 3G device base to 13.6 million.3G Broadband through HSDPA available across 21 of the Group's markets andpartner networks
Completed disposal of interests in Proximus and Swisscom Mobile with netproceeds of £3.1 billion
Continued execution on revenue stimulation and total communicationsobjectives with Vodafone At Home now launched in seven markets, includingfive offering DSL services, and Vodafone Office available in 11 markets
Execution of core cost reduction programmes, including IT outsourcing, datacentre consolidation, supply chain management and network sharing, all ontrack
Vodafone re-iterates its current year outlook with the financial performancefor the quarter and year to date in line with expectations
Arun Sarin, Chief Executive, commented:
"These KPIs are very much in line with expectations and show that we arecontinuing to make progress in executing our strategy. I am also pleased toannounce today that we now have 200 million proportionate customers globallyand we are grateful for their confidence in us. This is both an importantmilestone for Vodafone and a great achievement by our people."
Vodafone Group plc (NYSE: VOD)
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