BGN Entrepreneur

Due to the bad economic conditions in southern Europe and the UK, Vodafone’s overall service revenues curtailed despite the strong gains in emerging markets including India and Turkey.
Solid results in Germany and the US of the telecoms group also failed to revive slowing organic group service revenues in the first quarter of 2012, which grew by 0.6% to just under £10bn, compared with 2011. This is significantly slower than theyear-on-year growth of 2.3% in the last quarter of the previous year.

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