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Vodafone Sales Rise After Germans Spend More on Broadband
Bloomberg
2/3/2021
© Photographer: Jason Alden
Vodafone store in London, U.K.
(Bloomberg) Vodafone Group Plc’s sales rose unexpectedly for the first time since March after German consumers stuck at home during the pandemic spent more on mobile and broadband services. Its shares rose 3.2%.
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The Newbury, England-based mobile carrier said third-quarter organic service revenue rose 0.4%, compared to the 0.2% decline expected by analysts.The company stuck to its guidance for full-year adjusted earnings before interest, taxes, depreciation and amortization of between 14.4 billion euros and 14.6 billion euros ($17.3 billion-$17.6 billion).
Key InsightsCable customers in Germany upgraded to costlier plans during the quarter, helping to vindicate Chief Executive Officer Nick Read’s purchase of Liberty Global’s German fixed business Unitymedia.The sales gain follows two ....

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