Della Valle (Vodafone): «Discussions underway in Italy» for the long run | EUROtoday

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In her first 12 months as CEO of Vodafone Group, Margherita Della Valle closed 1 / 4 with revenues of 11.3 billion, down 2.3 p.c at a reported stage. At an natural stage, the consequence rose by 4.2 p.c. Revenues from companies stood at 9.3 billion, down 1.4% at a reported stage, up 4.7% at an natural stage.

1 / 4 subsequently which, internet of trade fee results, M&A and changes as a consequence of hyperinflation in Turkey, beat Bloomberg estimates, confirming the steerage for the whole fiscal 12 months.

«We have confirmed that we’re exploring choices for market consolidation in Italy with a number of events. There might be no certainty {that a} transaction will finally be agreed,” reads the assertion on the group's accounts on the enterprise in Italy the place Vodafone rejected a proposal from Iliad. Now, in accordance with rumors, discussions are underway with Swisscom, Fastweb's mum or dad firm. But nothing else is added within the communications on the accounts.

«We have maintained – states CEO Della Valle within the word – a superb tempo of revenues from companies each in Europe and in Africa, supported by an extra acceleration of Vodafone Business, with our Cloud and Internet of Things companies rising by over 20%. p.c. We made good strategic progress within the first 9 months of the 12 months, bettering buyer satisfaction” and achieving “three consecutive quarters of service income development in Europe.”

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In Italy, Vodafone has seen business demand grow, but remains under pressure in mobile. The third quarter closed with service revenues down 1.3% “as a consequence of continued value strain within the cell worth section, partially offset by robust enterprise demand for mounted community connectivity and digital companies” explains the group . Mobile revenues fell to 714 million (-4.8%) and stuck revenues rose to 343 million (+6.9%).