Vodafone UK releases latest quarterly results report

Vodafone UK’s quarterly report includes their performance up until the end of June 2018. Among the mention-worthy data points is the fact that they gained more than 50,000 new broadband and phone customers.

On the financial front, Vodafone reports UK service revenues of €1,256m, but comparing these with the previous quarter’s is not as easy as it used to be because of the new IFRS 15 financial reporting standard.

As of late, Vodafone UK has been solidifying their partnership with Cityfibre. Thanks to their efforts and a generous £500m investment, a new 1Gbps capable Fibre-to-the-home broadband solution will soon become a reality. By the end of 2021, at least 1 million homes should be able to benefit from it. The partners agreed that Vodafone UK will act as the primary retail ISP.

Reportedly, the first cities to benefit from it will be:

– Coventry

– Peterborough

– Edinburgh

– Aberdeen

– Milton Keynes

– Huddersfield

– Stirling

In total, this accounts for about 500,000 premises, and work is already in progress.

Vittorio Colao, CEO of Outgoing Group, says their revenue growth is in line with their expectations. One of the highlights of their operations is the ongoing momentum in Germany. Their IoT platform is continuing to be a part of their overall success. Along with their other achievements, they’ve also been able to reduce their absolute operating costs. According to Colao, they are looking forward to the rest of the year with confidence.