Report Overview

Vodafone: Striving to grow, striving to deal

Contents

No easing of Vodafones challenges 
Leverage pressure to determine deal profile
Anaemic European Growth Continues

UK: price rises land 

Page BreakGermany: stemming subscriber loss, accelerating revenue decline 

Italy: worsening on almost every metric 

Spain: finally bottoming out? 

About Enders Analysis

About Venture Insights

List of Figures and Tables

Figure 1: Vodafone organic service revenue growth

Figure 2a: Change in number of flights in major markets versus 2019

Figure 2b: Roaming revenues lost during CPVID as a % of mobile service revenues

Figure 3a: Organic service revenue growth in Europe

Figure 3b: MVNO boost to Europe service revenue

Figure 4: Service revenue growth versus inflation in Q1 2022/23

Figure 5: Organic Service revenue growth

Figure 6: Organic Service revenue growth

Figure 7: Mobile service revenue growth in the ‘top 4’ markets

Figure 9: UK operational and financial metrics

Figure 10: UK fixed performance 

Figure 11: UK mobile service revenue growth by operator

Figure 12: UK contract net additions (000)

Figure 13: Germany operational and financial metrics

Figure 14: Germany Fixed performance

Figure 15: German mobile service revenue growth by operator

Figure 16: Germany contract net additions (000)
Figure 17: Italy operational and financial metrics
Figure 18: Italy fixed performance
Figure 19: Italy mobile service revenue growth by operator
Figure 20: Italy total subscriber net addition (000)
Figure 21: Spain operational and financial metrics
Figure 22: Spain fixed performance 
Figure 23: Spain service revenue growth by operator
Figure 24: Spain contract net additions (000)