Vodafone expansion plans for the next 12 months include increasing the number of integrated quad play markets to eight. In the UK, its priorities include the rollout of its consumer broadband proposition and TV.
Speaking in an investors’ conference following the announcement of its latest set of results, chief executive Vittorio Colao conceded that Germany was a market in which Vodafone should be doing better in, though its strategy as a whole was working, while in Spain there signs were good but there was a need for improvement.
However, KDG’s performance in Germany had been very good, while in Spain the integration of Ono was on track.
KDG had seen 7.1% Q4 revenue growth and 125,000 net additions, but Ono’s revenues fell by 1.9%.
In the case of Ono, Colao said that the priorities for this coming year were continuing its integration and reaching 2 million homes through joint fibre build.
Alongside this has come the news that the CEO of Vodafone Deutschland is to step down.
Discussing other issues in a Q&A session, Colao refused to be drawn on the possibility of a deal with Liberty Global. He also ruled out the possibility of the Vodafone Group being broken up sometime in the future.
Colao in addition conceded that other operators were looking at the way Numericable is running its business.
Vodafone Group’s revenues in the year to March 31 amounted to £42,227 million, a reported increasing of 10.1%. EBITDA amounted to £11,915 million (+7.5%) and profit from continuing operations £5,860 million (-48.2%).
