Vodafone
has seen a small rise in quarterly service revenues as weak trading in
southern Europe was offset by strong growth in India and Turkey.
Revenues in the quarter to June grew 1.5% on the year, but was down on the 2.5% growth in the previous quarter.
Conditions in southern Europe had been "challenging" due to
price reductions, with revenues falling 1.5% in Italy and nearly 9.9% in
Spain.
But Turkey saw growth of 32.1% and India 16.8%.
Regulatory changes in Europe also affected Vodafone's
trading, with some national regulators having cut mobile termination
rates - the rates an operator receiving a call charges the network on
which the call was made for completing the call.
"We have made a good start to the year, reporting robust
results despite challenging macro-economic conditions across southern
European economies and the impact of cuts to mobile termination rates,"
chief executive Vittorio Colao said.
The company also confirmed its outlook for the full year,
which had previously been stated as an adjusted operating profit of
between £11bn and £11.8bn.
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