Vodafone shares climb 5% on German broadband boost; Ireland revenue decline slows     

Shares down 5.5% down from a year ago to value company at €38.7bn

In the three months to the end of December, Vodafone Ireland posted total revenues of €205m, compared with €209m a year earlier.

Shares in Vodafone climbed 5% as its chief executive Nick Read hailed an unexpected increase in its service revenues, boosted by its major market Germany, where broadband customers upgraded to higher-speed plans during the pandemic.  

Vodafone also posted a slower decline in its Ireland service revenues for the three months to the end of December, helped by "the anniversary of the prior year market repricing". In the quarter, Ireland posted total revenues of €205m, compared with €209m a year earlier.