Subscribe / Unsubscribe Enewsletters | Login | Register

Pencil Banner

Vodafone’s Australian revenues fall 16 percent

John McDuling | Feb. 7, 2013
The revenue decline is slightly deeper than the 14.4 percent drop it suffered in the September quarter.

UK mobile giant Vodafone Group says its Australian revenues fell 16 per cent in the December quarter, during which time it shed another 64,000 subscribers.

“The [Australian] business continues to focus on network improvements and arresting weakness in brand perception,” it said in a quarterly release to the London Stock Exchange.

Vodafone operates in Australia as a joint venture with Hong Kong’s Hutchison Whampoa. The decline implies that Vodafone Hutchison Australia, the number three carrier, shed a total of 128,000 customers during the period.

It leaves Vodafone Group with 3.17 million customers in Australia.

The revenue decline is slightly deeper than the 14.4 per cent drop it suffered in the September quarter. However, the pace of subscriber decline is slightly better than the preceding period, when it shed more than 150,000 customers.

 

Sign up for CIO Asia eNewsletters.