Revenues at Vodafone’s Irish operations fell below €1bn in the group’s latest financial year, while its Irish mobile customer numbers dipped below the 2m mark.

Vodafone Group could benefit from a merger with Liberty Global, according to a report in Barron’s, which added the British telecommunications company’s shares could also be poised for a 33% rise.

Vodafone Group is weighing an initial public offering for its Indian business, the wireless carrier’s biggest unit by customers, said a person familiar with the matter.