Partnerships help Vodafone pass 15.3m premises

Fri, 17/05/2024 - 15:28
Margherita Della Valle

Through its partnerships with CityFibre and Openreach, Vodafone can now reach 15.3 million households with full fibre broadband, according to the company's latest financial results.

Vodafone's UK’s total revenue increased by 0.2% to €6.8 billion as service revenue growth was offset by a decline in equipment revenue.

Mobile service revenue grew by 5.4% and Business service revenue increased by 3.3%.

In the UK, Vodafone’s Adjusted EBITDA increased by 4.3% in the year to £1,408m

Vodafone’s overall Group revenue decreased by 2.5% to €36.7bn due to the disposals of Vantage Towers, Vodafone Hungary and Vodafone Ghana.

Margherita Della Valle Group CEO said: “We performed slightly ahead of expectations in the financial year, with good organic service revenue growth of 6.3% and organic EBITDA growth of 2.2%. Our Business division achieved 5.4% revenue growth in the fourth quarter.”

Much more still needs to be done in the year ahead. We will step-up investment in our customer experience and accelerate our momentum in Business, whilst also continuing to simplify our operations throughout the group.”