The fixed-line market now accounts for 23.7% of Vodafone’s service revenue in Europe, according to the company’s first half financials.
For the second quarter to September, Vodafone posted European service revenues of £6.63 billion (€8.45 billion), of which £1.62 billion came from the fixed line business.
Vodafone had 5.26 million fixed line customers in Germany, as well as 2.71 million in Spain and 1.84 million in Italy as of the end of September. Overall, the company had 10.49 million fixed line customers in Europe.
Vodafone now offers TV services in Germany, Portugal, Spain and the Netherlands in Europe, as well as in New Zealand.
Vodafone Germany meanwhile is to launch its Netflix offering tomorrow, making the OTT provider’s content available to smartphone and tablet users.
Subscribers to Vodafone’s recently-launched Red all-in-one offering will receive Netflix free for six months.
“We have made encouraging progress during the quarter. There is growing evidence of stabilisation in a number of our European markets, supported by improvements in our commercial execution and very strong demand for data. Our two year, £19 billion investment programme is well underway, and customers are beginning to see the benefits: in wider 3G and 4G data coverage, improved voice quality and reliability, and increased access to next generation fixed line services,” said Vodafone CEO Vittorio Colão.
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15 January 2021 @ 18:00:00 UTC