Vodafone Q2 2015/16 results: Growing fixed disguises weakening mobile

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Vodafone Q2 2015/16 results: Growing fixed disguises weakening mobile

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Vodafone Q2 2015/16 results: Growing fixed disguises weakening mobile
Vodafone Europe’s revenue growth trend continued to improve, and the improved operating leverage allowed it to return to EBITDA growth after years of decline.
Its mobile business was however more mixed, with improved contract net adds but worsening ARPU and revenue still firmly in decline, with growth from its recently acquired cable businesses partially disguising this.
The benefits of its Project Spring investment are not yet clear, and the current wave of in-market mobile consolidation may leave Vodafone a weaker player across much of its footprint.