Vodafone’s latest round of price increases has impacted on the German market, where it lost both TV and broadband subscribers.
Service revenues fell by 1.3% as the phased implementation of a broadband price increase began to take effect. The operator lost 70,000 cable customers and 51,000 from its DSL businesses. The losses were in part offset by higher revenues from those customers.
Vodafone’s TV customer base declined by 120,000 while the company’s converged customer base remained broadly stable at 2.3 million.
The losses come ahead of a shake-up in the German TV market next July when a new law will end the ability of housing companies and landlords to include cable TV fees as part of the service charges for a property. It means tenants will be free to choose whichever provider they like.
There was a better outlook in the UK where Vodafone 42,000 broadband customers in Q1, to reach 1.3 million customers.
Total revenues fell by 4.8% to €10.7 billion (£9.3 billion) in the three months to the end of June.