Vodafone says its recovery in the German market was almost single-handedly hit by a change to German TV legislation.
The leading German cable TV platform was hit by a 1.7 percentage point impact from the laws that give tenants the right to opt out of TV services provided by their landlords and previously bundled in with the rent.
Ahead if the changes, which take effect from July 2024, Vodafone has begun to migrate several million customers to new contracts.
The company said in a statement: “Based on our experience to date, we expect to retain around 50% of the 8.5 million MDU TV households. At the end of March 2024, we had already actively retained 1.9 million households.”
One million households have been lost from the customer base in 2024, primarily due to the MDU transition.
Fibre-to-the-Home joint venture, OXG Glasfaser, started its network rollout during the year, initially in Neuss, Düsseldorf, Marburg and Kassel. OXG Glasfaser will deploy FTTH to up to seven million homes over a six-year period runs alongside plans by Vodafone to upgrade its existing hybrid fibre cable network.
