Vodafone Ireland sees strong growth in Q3

Vodafone Ireland enjoyed a second consecutive quarter of growth in the last three months of 2015, with revenues and customer numbers on the rise.

Vodafone Ireland sees strong growth in Q3

Service revenue for the three months to the end of December — the company’s third quarter — grew by 3.4%, year-on-year, to €240.4m.

Its mobile division returned to growth with new business customers helping to boost revenues by 7%.

There was a near 60,000 jump in mobile customers on contract and the company added 13,000 mobile customers and 6,000 fixed broadband customers in the quarter.

A huge increase in 4G customers was also noted with over 854,000 customer devices now 4G capable.

Vodafone Ireland chief executive Anne O’Leary said the positive third quarter showing reflects the strength of the core mobile business “as well as the future growth potential across our converged service offerings.”

Vodafone will publish its updated tax disclosure report later this month. Recent accounts — for the 12 months to the end of last March — showed that Vodafone Ireland’s annual profits dipped by 24% to €60.35m and the company paid €12m in tax here, while it incurred an actuarial loss of nearly €75m on its defined benefit pension scheme.

Meanwhile, Hong Kong telecoms operator CK Hutchison Holdings has said it will freeze mobile call and text messaging rates in the UK as it seeks to force rivals to lower prices further.

The move is part of its plan to invest £5bn (€6.5bn) in its businesses in Britain in the next five years following a potential merger of its local mobile business Three, with Telefonica’s O2 UK.

The British telecoms market’s relatively low costs and margins have prompted a wave of consolidation as operators seek to meet the booming demand for superfast mobile and fixed line broadband services.

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