Vodafone Australia service revenue and customers take a dip

The telco cites a 1.977 billion pound global net loss in the six months to September 30.

Service revenue and customer numbers are continuing to dwindle for the local arm of telecommunications provider, Vodafone Group.

The telco released its global half-year results to September 30, citing a 1.977 billion pounds net loss ($US3.18 billion), and an impairment charge of 5.9 billion pounds related to Europe’s financial woes particularly within Vodafone’s Italy and Spain operations.

Total revenues also took a 7.4 per cent dive to 21.78 billion pounds.

Vodafone chief executive, Vittorio Colao, stated the results reflected tough market conditions, which will continue to impact the telco in the short term.

The Australian arm suffered a service revenue decline of 14.4 per cent and lost 77,000 mobile customers in the six months to September 30.

The decline was attributed to the telco’s ‘arresting weakness in brand perception’ and is still working on improving its network woes.

The telco recently announced it would cut about 500 jobs and hired a specialised management team in an effort to turn its Australian business around.

2015 State of The IT Channel Survey : IT'S TIME!!! Fill in this year's State of the IT Channel Survey and be in the running to win great prizes. CLICK HERE

Join the ARN newsletter!

Error: Please check your email address.

Tags profit lossrevenue lossVodafone Hutchison Australia

More about Vodafone

Show Comments
 

Latest News

10:11AM
Steve Saunders joins Alcatel-Lucent Enterprise
10:08AM
CSIRO opens $6 million 3D printing centre
09:52AM
Telstra lands 10-year broadcast connectivity deal with Racing Victoria
08:36AM
Lexmark seals four-year managed print services deal with Bank of Queensland
More News
26 May
IM Experience, Brisbane
26 May
SplunkLive! Brisbane
26 May
Entrepreneurial Marketing - Innovative Thinking to Create or Re-Invigorate your ...
26 May
D-Link IP Surveillance Training and Certification
View all events