Vodafone meets full-year expectations, pulls guidance on COVID-19 uncertainty

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Vodafone meets full-year expectations, pulls guidance on COVID-19 uncertainty
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Vodafone , the world's second largest mobile operator, met expectations with a 2.6per cent rise in full-year core earnings to 14.9 billion euros ...

Vodafone , the world's second largest mobile operator, met expectations with a 2.6per cent rise in full-year core earnings to 14.9 billion euros , but said it could not predict the current year outcome due to the uncertainty caused by the coronavirus.

FILE PHOTO: A man wearing a protective face mask waits with others outside a branch of Vodafone Egypt Telecommunications Co, amid concerns over the coronavirus disease , in the Cairo suburb of Maadi, Egypt April 22, 2020. REUTERS/Amr Abdallah DalshLONDON: Vodafone , the world's second largest mobile operator, met expectations with a 2.6per cent rise in full-year core earnings to 14.

"We are experiencing a direct impact on our roaming revenues from lower international travel and we also expect economic pressures to impact our customer revenues over time," it said on Tuesday."However, we are also seeing significant increases in data volumes and further improvements in loyalty, as our customers place greater value on the quality, speed and reliability of our networks.

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