Vodafone Spain recorded 898 million euros in services revenue in the first quarter your fiscal year from April to June, a 3% decrease in organic terms Compared to the same period of the previous year due to the high promotional activity and extreme competitiveness of the Spanish market.
The Spanish subsidiary of the European operator is partially compensated for this reduction in billing with revenue from ‘roaming’ and touristsAlongside the increase in demand in the business segment, as reported on Monday.
as well as vodafone confirmed an improvement in business activity in the first quarter It added 38,000 new net mobile lines and reduced the cancellation rate by 2.5 points.
At the same time, kept television and converging customers steady‘low cost’ brand Lowi continued its commercial traction, gaining 84,000 mobile lines, of which 27,000 were fixed broadband. In return, the operator handed over 30,000 broadband customers.
The firm closed June with 13.5 million mobile customers, 2.99 million fixed customers and 1.5 million television customers. Lowi has a total of 1.6 million customers.
In June, Vodafone introduced a new portfolio of tariffs committed to greater price stability and less intensity in temporary promotions.
“We are having an experience transformation of our business. Facing a competitive market, seeking differentiation and sustainable growth, we are making structural changes and fostering organizational and mindset change to accelerate our ‘challenging’ position in the market.” Deegan.
Deegan highlighted Lowi’s commitment to low cost and its role as a partner for Governments and companies, alongside the launch of new services such as Vodafone Energy and Vodafone Flex.
Same way, The firm emphasized that more than 8,000 SMEs have pre-registered to transact.Digital kit for SMEs through the operator.
At group level, Vodafone billed €11,278 million, 1.6% more in reported terms and 2.7% organically.