Vodafone Italia closes the third financial quarter, as at 31 December 2017, with revenues from services a 1.324 million euro (-0.4% compared to the same quarter of the previous year). Financial performance for the quarter was supported by an increase inFixed ARPU (Average Revenue Per Unit) and a strong one growth of the landline customer base, which compensated for the strong competitive pressure on the mobile segment.
The number of is still growing 4G customers, which reaches altitude 11,3 million (+3 million compared to the previous year). La 4.5G network was launched in 8 city (Milan, Florence, Palermo, Verona, Turin, Bologna, Naples, Rome). The coverage of network 4G reaches the 97,8% of the population in over 7.000 municipalities, of which over 1.500 in 4G+.
I revenues from fixed network services they are equal to 253 million euro (+ 12,0%). The growth of the fixed broadband customers (+ 13,3%), already registered in the first semester, which stand at altitude 2,4 million (+95.000 customers in the quarter). fiber services are available in addition 1.200 city Italian companies, of which 12 are covered by fiber up to 1 Gigabit per second through the partnership with Open Fiber.
Among commercial initiatives launched in the quarter: the new convergent offer 'Vodafone One' which includes Fiber and 4.5G and can also be enriched with the contents of the 'Vodafone TV'and market entry Consumer IoT with the launch of 'V by Vodafone'.
Globally though Vodafone Group closed the third quarter with total revenues down 3,6% to 11,8 billion due, explains a note, to the deconsolidation of the Netherlands and to movements in currencies. THE revenues from services grew by 1,1% to 10,2 billion, a similar performance to the previous quarter.
The group led by Vittorio Colao confirms its estimates for the year of organic growth in adjusted EBITDA of approximately 10% and a free cash flow in excess of €5 billion. “This consistent performance reinforces our confidence that we will achieve our full-year guidance,” assured the Italian manager.
After publication of the accounts, Vodafone shares, listed on London's FTSE100, are reported down 1,8% to £220. Just a few weeks ago, on January 9, the TLC's stock had reached its highest since August 2016, at £238.
