OREANDA-NEWS. Group service revenue including joint ventures declined 3.5%; or 1.3% excluding joint ventures
Continued strong service revenue growth in emerging markets: Turkey 15.5%*, India 13.8%*, Vodacom 3.2%
Increased competitive intensity in Northern and Central Europe: Germany -5.1%*, UK -4.5%
Conditions in Southern Europe remain difficult: Italy -17.6%*, Spain -10.6%*
Verizon Wireless (‘VZW’) service revenue remained strong, increasing 7.2%*
Vodafone Red in 16 markets; 5.2 million customers; mobile in-bundle customer revenue, including joint ventures, +9.5%
Enhanced unified communications capability: acquisition of Kabel Deutschland i n Germany expected to close in calendar Q4; vertical fibre access agreement in Spain; wholesale fibre access agreement in Italy
4G services launched in Spain, Australia and Czech Republic; 4G now available in ten markets. Group data usage +60%
Net debt including joint ventures1 GBP 24.9 billion after GBP 2.1 billion VZW dividend and completion of GBP 1.5 billion share buyback. Net debt, excluding joint ventures1, was GBP 23.0 billion.