Reported 1 day ago
Vodafone's shares have dropped over 6% following a decline in service revenue in Germany, its largest market, which fell by 6.4% in the latest quarter. This downturn, largely attributed to changes in pay-TV regulations and competitive pressures, overshadowed stronger results in the UK, Turkey, and Africa. CEO Margherita Della Valle indicated that turnaround efforts in Germany will take time, and while overall core earnings are expected to reach around 11 billion euros for the year, the company's performance in Germany remains a significant concern.
Source: YAHOO