BUSINESS BUSINESS COMPANIES ECONOMY

Vodafone Romania reports the financial results for the quarter ended June 30th, 2019

  • Total Revenue declined by -2.7% compared to the same period of last year · Customer base expanded by 164,122 compared to last year reaching 9,802,608 customers · Mobile ARPU was EUR 5.1 for the quarter ended June 30th, 2019

Vodafone Romania announces the key performance indicators for the quarter ended June 30th, 2019, as reported today by Vodafone Group Plc. Starting 1st of April 2019 Vodafone Group, and so Vodafone Romania, is reporting under new international accounting standards IFRS15 and IFRS16. Under the new accounting standards, Total Revenue declined by -2.7% compared to the same period of last year. The Service Revenue is at EURO 158.6 million and continues to grow on an underlying basis. The reported service revenues increased compared to previous year by 0.2%. Excluding MTR impact service revenue grew by +0.8%. Vodafone Romania mobile customer base reached 9.024 million at June 30th, 2019. Compared to the same period of last year mobile customer base grew by +1.4%. Murielle Lorilloux, CEO Vodafone Romania, stated: “In this quarter we continued to focus on our mission to connect for a better future by launching the first 5G live network in Romania. In an era of interconnected people and devices, where customers are enjoying mobile data at superior quality & speed, we have continued our significant and constant investments. The Best Mobile Network for Data in Romania certificate, following the tests conducted by P3 Communications, rewards the efforts of our engineers. We are excited for the recent approval from the European Commission for the UPC acquisition and we are confident that it will bring many benefits for Romania, enabling us to act as catalyst for innovation and digitization.”

Related posts

Case of the Orange fine, retried

Nine O' Clock

Insurance market to grow by 5 pc in 2011, ING forecasts

Nine O' Clock

Recas Cellars awarded Vinalies Internationales trophy

Test

Leave a Comment