Along with its results, Vodafone reported it plans to launch its long-awaited TV service in the UK in the fourth quarter of its 2016 financial year, or by March next year.
Vodafone launched home broadband service in October, with availability to 22 million homes, or 95 per cent of BT’s fibre footprint. The company reported 70,000 fixed broadband customers in the UK at the end of its half-year, ahead of the full launch. Vodafone had 9.2 million TV customers globally at the end of September, compared with 12.5 million fixed broadband customers, up half a million on the figure for March.
In Spain, Vodafone reported solid growth for its converged service combining mobile, fixed broadband and TV, which had 800,000 customers at the end of September, and solid growth in its mobile contract base despite what it described as “aggressive cross-selling” of mobile to TV customers by Telefónica. The company had 2.88 million fixed broadband customers in Spain at the end of September.
In Germany the Vodafone Red One package, an integrated bundle combining mobile and high-speed broadband on the Kabel Deutschland network was launched this month. The company had 5.59 million fixed-line customers at the end of September in Germany.
Vodafone reported revenues of £20.27 billion (€28.41bn) for the six months to September, down 2.3 per cent, and EBITDA of £5.79 billion, down 1.7 per cent.
“We are achieving 4G leadership in Europe, organic revenue growth in fixed and enterprise and sustained commercial momentum in emerging markets, all of which is consistent with our long- term strategy and which is being accelerated through our Project Spring investments. We also remain keenly focused on increasing efficiency and improving margins. We expect progress to continue in the second half of the year,” said Vincent Colao, CEO.