Telecoms group Vodafone reported a rise in first quarter revenues, driven by growth in the UK, but reported a fall in Germany, its biggest market.
The company on Monday said group service revenue increased by 2.5% to €9.5bn. Germany fell 0.5% due to the impact of new legislation as Vodfaone lost broadband and TV customers.
“We have executed in line with our expectations, delivered another quarter of growth in both Europe and Africa, and seen an acceleration in business growth. Whilst we are not immune to the current macroeconomic challenges, we’re on track to deliver financial results for the year in line with our guidance,” said chief executive Nick Read.
