Vodafone Ireland gains 106,816 customers in Q3


10 Nov 2009

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Vodafone Ireland gained 106,816 customers during the third quarter of the year, giving it a total of 2.12 million mobile subscribers.

Despite the additional customers, Vodafone Ireland’s average monthly revenue per user fell 8.7pc during the quarter to €38.80.

While the company saw a 21.4pc increase in texts sent by its Irish customers to 1.16 billion during the quarter, total voice minutes fell 1.8pc to 1.59 billion.

The company said its 2.12 million mobile customers, combined with another 177,607 fixed-line and DSL customers, added up to a total customer base of 2.29 million at the end of September.

Vodafone Group announces further cost-cutting plans

The Vodafone Group overall reported a 3.6pc rise in pre-tax profit to £5.48 billion during the third quarter and confirmed its guidance for the full year.

Group revenue increased by 9.3pc to £21.8 billion, Vodafone said, as it confirmed its expectations for full-year adjusted operating profit in the range of £11 billion to £11.8 billion and free cash flow around the upper end of the £6 billion to £6.5 billion range.

“The group has performed in line with our expectations and we have made strong progress with our strategic priorities, in particular in mobile data and cash generation,” said Vodafone Group CEO Vittorio Colao.

We have confirmed our guidance for the full year, despite the uncertainties of current economic trends,” he added.

The telecoms operator also announced plans to cut costs by an additional £1 billion, having achieved its initial target of £1 billion in cost savings. This new cost-cutting programme will extend into 2012, Vodafone said.

Photo: Vodafone Group CEO Vittorio Colao.

Article courtesy of businessandleadership.com