Fierce competition in Spain, Italy and India and currency swings final quarterly update marred a batch of upbeat as chief Executive officer of the company Vodafone.
The world’s second-largest mobile operator, saw a 4.9 PC dip in revenues to €10.9 billion (£9.7 billion) in the three months to June, partly because of the transition to the new standard, IFRS 15, which forced him to change his attitude to the books of the revenue from phone contracts.
Company organic services in addition, and other-offs, mergers and acquisitions and currency fluctuations, rose 0.3 PC, although this was a slowdown from 1.4 PC in the previous quarter.
Mr. Cola will be awarded a chief financial officer Nick read in October, said the competition in Italy “intensified”…
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