Vodafone Faces Challenges in Germany While UK Growth Accelerates

The telecom giant reports a 6.4% revenue drop in Germany, offset by stronger performance in the UK and progress on its £15 billion merger with Three UK.

Vodafone's German revenue fell 6.4% in the third quarter, worse than analysts' expectations, due to regulatory changes and increased competition in the mobile market.
The company attributed the German decline partly to a law prohibiting landlords from bundling TV services with rent, which led to a significant loss of customers.
In contrast, UK organic service revenue grew 3.3%, driven by customer additions and investments in improving customer experience.
Vodafone reiterated its full-year guidance and highlighted progress on its £15 billion merger with Three UK, expected to make it the largest UK mobile operator by revenue.
Group-wide revenue grew 5.2% in the quarter, with strong contributions from Turkey, South Africa, and Egypt alongside the UK gains.