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Home Industry Market Recovery for Vodafone "at least 12 months away" as customer losses continue

Recovery for Vodafone "at least 12 months away" as customer losses continue

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Vodafone Group has given a pessimistic forecast for the outlook of its Australian joint venture as revenue and customer numbers continue to decline.

Releasing its Q1 results, to 30 June, Vodafone Group reported Australian revenues down 15.2 percent on the corresponding quarter in 2011, "as a result of the competitive market, mobile termination rate cuts and the continued weakness in brand perception despite improved network performance."

It added: "We do not expect to see a significant recovery in our Australian joint venture for at least 12 months."
The company reported total customer numbers down from 6.596 million at 31 March to 6.502 million at the end of June. (It reports half these numbers reflecting its 50 percent share of the JV). The performance of Vodafone NZ was no better. There customer numbers fell from 2.411 million to 2.370 million in the three months.

The company gave no further details of the performance of its New Zealand and Australian operations.

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Stuart Corner

 

Tracking the telecoms industry since 1989, Stuart has been awarded Journalist Of The Year by the Australian Telecommunications Users Group (twice) and by the Service Providers Action Network. In 2010 he received the 'Kester' lifetime achievement award in the Consensus IT Writers Awards and was made a Lifetime Member of the Telecommunications Society of Australia. He was born in the UK, came to Australia in 1980 and has been here ever since.

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