Price hikes help Vodafone slow the rot

Vodafone’s first quarter service revenue grew 3.7% organically compared to last year, thanks to improved performances in the UK, Italy and Germany.
Germany attracts close scrutiny, given that it accounts for the biggest single chunk of group sales. Here, service revenue in the three months to 30 June fell 1.3% on last year, but improved sequentially compared to Q4, when it declined by 2.8%. Vodafone attributed the performance to broadband price increases, which came into effect from May, o