Vodafone has sales boost on cable TV acquisition

Vodafone reported an acceleration in its main quarterly sales growth yesterday as a cable television acquisition in its biggest market, Germany, helped to lift sales and consolidate an overall return to growth for the British firm.

The world’s second-largest mobile operator, which reported a return to quarterly sales growth for the first time in nearly three years in May, has been hit hard by the constraints on consumer spending in its big European markets, fierce competition in India, and by regulator-imposed price cuts around the world.

It said yesterday that first-quarter organic service revenue grew 0.8%, ahead of the 0.1% it recorded in the previous three months.