Form 6-K

 

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 

Report of Foreign Private Issuer

 

Pursuant to Rules 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

 

Dated February 1, 2008

 

VODAFONE GROUP

PUBLIC LIMITED COMPANY

(Exact name of registrant as specified in its charter)

 

VODAFONE HOUSE, THE CONNECTION, NEWBURY, BERKSHIRE, RG14 2FN, ENGLAND

(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

 

Form 20-F

ü

 

Form 40-F

 

 

 

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

 

Yes

 

 

No

ü

 

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

 


 

This Report on Form 6-K contains a news release issued by Vodafone Group Plc on, January 31 2008, entitled “INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2007”.

 


 

31 January 2008

 

INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 31 DECEMBER 2007

 

Key highlights of the three month period ended 31 December 2007:

 

·                     Group revenue of £9.2 billion, an increase of 15.8%, with organic growth of 4.4%:

 

                   Europe: service revenue growth of 2.0% for Europe, business segment service revenue growth of 4.8%, messaging revenue up 8.1% and data revenue up 35.5%, all on an organic basis

 

                   EMAPA: service revenue growth of 48.1%, reflecting acquisitions of India and Turkey. Organic growth of 13.7%

 

                   Group data revenue up 51.6% with organic growth of 41.5%

 

                   Total Communications products contribute around 13% of Group revenue

 

·                     Proportionate mobile customer base of 252.3 million at 31 December 2007, up 10.8 million

 

·                     Strong growth in net customer additions of 2.0 million at Verizon Wireless and service revenue growth of 14.4%

 

·                     3.1 million DSL customers across 11 markets following the acquisition of Tele2’s operations in Italy and Spain

 

·                     Site-sharing agreement in Italy and IT outsourcing agreement in India demonstrate ongoing drive for efficiency

 

·                     Creation of an independent tower company in India to accelerate roll-out and to reduce overall cost

 

·                     Vodafone reiterates the increased current year outlook which it announced with its half-yearly results

 

·                     Additionally the current year outlook, particularly for revenue, may benefit from exchange rate movements

 

Arun Sarin, Chief Executive, commented:

 

“We have sustained our recent momentum in the third quarter, executing on our strategic objectives in competitive markets, with over 250 million proportionate customers driving strong growth in voice usage and data revenue. We are also maintaining our rigorous focus on costs across the Group, positioning us well to sustain our progress. We are reiterating our current year outlook.”

 


 

KEY PERFORMANCE INDICATORS - MOBILE TELECOMMUNICATIONS BUSINESSES

 

GROUP REVIEW

 

Operating review

 

 

 

Quarter ended 31 December

 

 

 

 

Group revenue

 

2007

 

2006

 

       % change

 

 

 

£m

 

£m

 

£

 

Organic

 

 

 

 

 

 

 

 

 

 

 

Total revenue

 

9,163

 

7,915

 

15.8

 

4.4

 

 

 

 

 

 

 

 

 

 

 

Voice revenue

 

6,303

 

5,534

 

13.9

 

0.7

 

Messaging revenue

 

1,045

 

933

 

12.0

 

7.7

 

Data revenue

 

558

 

368

 

51.6

 

41.5

 

Fixed line revenue

 

474

 

398

 

19.1

 

6.7

 

Other service revenue

 

10

 

-

 

-

 

-

 

Service revenue

 

8,390

 

7,233

 

16.0

 

4.2

 

 

Group revenue increased by 15.8% to £9.2 billion and by 4.4% on an organic basis.  The net impact of acquisitions and disposals, principally India and Turkey, contributed 6.6 percentage points to revenue growth and exchange rate movements contributed a further 4.8 percentage points. Organic total revenue growth was 2.2% in the Europe region, whilst the EMAPA region delivered 13.8% on an organic basis.

 

Organic voice revenue growth of 0.7% reflects sustained growth in outgoing voice minutes offset by effective price declines, as well as the expected impact of the Group’s European roaming price reductions, roaming regulation and the cancellation of top up fees in Italy.  Organic data revenue growth remains strong at 41.5%, driven by the take-up of handheld business devices and Vodafone Mobile Connect cards.

 

Group mobile customers in subsidiaries and joint ventures increased to 221.2 million at the end of the quarter from 210.4 million at 30 September 2007.  On a proportionate basis the closing customer base reached 252.3 million, with 10.8 million proportionate mobile net additions in the quarter.   The Group has 24.7 million 3G devices, which includes 20% of the European customer base.

 

Review of strategic objectives

 

The Group continues to focus on executing against its strategic objectives.

 

Revenue stimulation and cost reduction in Europe

 

The Group’s focus in Europe is to drive additional usage and revenue from core voice and messaging services and to reduce the cost base.

 

On an organic basis,  voice revenue for the quarter in Europe declined 2.2%, with outgoing voice revenue declining 1.7%. This was primarily due to the cancellation of top up fees in Italy.  Across Europe a 17.7% fall in effective outgoing price per minute has been offset by initiatives to stimulate additional usage with 19.4% growth in total outgoing voice usage, including 7.7% growth on a per customer basis.  Organic messaging revenue growth for the quarter was 8.1%, principally due to strong growth in messaging usage in Italy and the UK where the total number of SMS messages sent in the quarter grew over 30% year on year, achieved through the success of bundled offers.

 

Organic service revenue growth in the business segment, which represents 28% of European service revenue, was 4.8%, helped by the strong growth in sales of handheld business devices and Vodafone Mobile Connect cards, as the Group continues to benefit from its market leading position.

 

The Group’s cost reduction programmes are well on track. The Group announced a six year site-sharing agreement with Telecom Italia; IT Application Development and Maintenance outsourcing has now been implemented in 11 markets; consolidation of the Group’s European data centres into two central hubs is largely complete and; the transformation of the supply chain management process is on schedule, with over £300 million cumulative savings to date. In the quarter Vodafone Essar also announced a five year agreement with IBM India to outsource the management of its entire back office IT operations in a deal designed to boost efficiency and to further enhance its service to customers.

 

For the 2008 financial year, the Group continues to expect mobile capital expenditure to be 10% of mobile revenue for the total of the Europe region and common functions and mobile operating expenses to be broadly stable when compared with the 2006 financial year.

 

2


KEY PERFORMANCE INDICATORS - MOBILE TELECOMMUNICATIONS BUSINESSES

 

Innovate and deliver on our customers’ total communications needs

 

The Group expects its Total Communications initiatives to represent approximately 20% of Group revenue by March 2010, an increase from around 10% in the 2007 financial year.  In the third quarter, these areas contributed around 13% of revenue, up from around 11% in the prior year.

 

The Group continues to experience strong growth in sales of handheld business devices and Vodafone Mobile Connect cards. The latter has been particularly enhanced by the success of the Vodafone Mobile Connect USB modem offering into the consumer segment. Vodafone now has over 4.9 million customers taking these services across the Group, an increase of 107% compared to 31 December 2006.

 

Fixed location pricing plans are now available in 12 markets for both consumer and business customers.  The Group now has 4.2 million Vodafone At Home customers on fixed location tariffs and 2.9 million Vodafone Office customers.

 

In December 2007, the Group completed the acquisition of Tele2’s operations in Italy and Spain, delivering Vodafone the infrastructure and expertise necessary for a competitive broadband offering in two of its key European markets.  Vodafone is now offering fixed consumer broadband services to 3.1 million customers across 11 markets. Of these, Germany remains the most significant with Arcor having 2.4 million DSL lines at 31 December 2007, up 29.8% compared with December last year.

 

Deliver strong growth in emerging markets

 

Further strong performances have been delivered during the quarter in the Group’s emerging markets, primarily driven by growth in customers. Organic service revenue growth, excluding India and Turkey, grew 13.7% in the EMAPA region, with growth at constant exchange rates of 18.7% in Romania, 30.7% in Egypt and 14.7% at Vodacom, the Group’s 50% joint venture with principal operations in South Africa.

 

The Group’s more recent acquisitions in India and Turkey have delivered strong year on year total revenue growth of 56% and 26% respectively at constant exchange rates, calculated by assuming the Group owned the businesses for the whole of both quarters. Vodafone Essar had nearly 40 million customers at the end of December 2007.

 

Actively manage our portfolio to maximise returns

 

In December 2007, Vodafone Essar Limited, Bharti Infratel Limited and Idea Cellular Limited announced the formation of an independent tower company, Indus Towers Limited, to provide passive infrastructure services. Vodafone Essar will own 42% of the company which will operate in 16 circles in India. This is expected to accelerate the expansion of coverage, particularly into rural areas, and improve network coverage to the benefit of the Indian consumer, and enable the shareholders and other telecom operators to drive economies of scale.

 

Vodafone was part of a consortium that won the auction in December 2007 for the second mobile licence in Qatar. Vodafone will contribute up to US$400 million of cash in a mix of equity and debt, as well as its brand, international expertise and a range of world-class products and services. It is intended that operations will be launched later in the year.

 

Net debt was broadly unchanged since 30 September 2007, with the contribution from free cash flow generated in the quarter offset by the increase in net debt resulting from the acquisition of Tele2’s operations in Italy and Spain and exchange rate movements, particularly the Euro.

 

Outlook

 

The Group’s underlying financial performance for the quarter is consistent with its expectations and the Group is therefore reiterating its outlook statement for the year ending 31 March 20081. There have been significant recent movements in exchange rates, notably a strengthening of the Euro. Should these persist, this would have a favourable impact on the Group’s financial performance, particularly with respect to revenue, relative to the outlook statement issued in the Group’s half-yearly report in November 2007.  The components of this outlook statement were:

 

·

Group revenue expected to be in the range of £34.5 billion to £35.1 billion. Adjusted operating profit expected to be in the range of £9.5 billion to £9.9 billion, with the Group EBITDA margin lower year on year. Total depreciation and amortisation charges anticipated to be around £5.9 billion to £6.0 billion, higher than the 2007 financial year.


1 The Group’s outlook reflects average foreign exchange rates for the 2008 financial year of approximately Euro 1.45:£1 and US$2.04:£1, which are unchanged from the Group’s Half-Yearly Financial Report. A substantial majority of the Group’s revenue, adjusted operating profit, capitalised fixed asset additions and free cash flow is denominated in currencies other than sterling, the Group’s reporting currency.

 

3


KEY PERFORMANCE INDICATORS - MOBILE TELECOMMUNICATIONS BUSINESSES

 

·

The Group expected capitalised fixed asset additions to be in the range £4.7 billion to £5.1 billion, including in excess of £1.0 billion in India.

 

·

Reported free cash flow expected to be in the range of £4.4 billion to £4.9 billion. This is after taking into account £0.3 billion of expected tax payments and associated interest in respect of the potential settlement of a number of long standing tax issues.

 

The outlook for free cash flow is stated before payment for the second mobile licence in Qatar.

 

4


KEY PERFORMANCE INDICATORS - MOBILE TELECOMMUNICATIONS BUSINESSES

 

REGIONAL RESULTS

 

Europe

 

 

 

Quarter ended 31 December

 

 

 

 

 

 

 

2007

 

2006

 

           % change

 

 

 

£m

 

£m

 

£

 

Organic 1

 

 

 

 

 

 

 

 

 

 

 

Total revenue

 

6,652

 

6,200

 

7.3

 

2.2

 

 

 

 

 

 

 

 

 

 

 

Voice revenue

 

4,332

 

4,250

 

1.9

 

(2.2

)

Messaging revenue

 

825

 

733

 

12.6

 

8.1

 

Data revenue

 

472

 

335

 

40.9

 

35.5

 

Fixed line revenue

 

462

 

373

 

23.9

 

5.5

 

Other service revenue

 

8

 

 

-

 

-

 

Service revenue

 

6,099

 

5,691

 

7.2

 

2.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter ended 31 December

 

 

 

 

 

Service revenue

 

2007

 

2006

 

           % change

 

 

£m

 

£m

 

£

 

Organic1

 

 

 

 

 

 

 

 

 

 

 

Germany

 

1,266

 

1,269

 

(0.2

)

(5.2

)

Italy

 

1,072

 

1,021

 

5.0

 

(3.1

)

Spain

 

1,155

 

1,013

 

14.0

 

6.6

 

UK

 

1,235

 

1,166

 

5.9

 

5.9

 

Arcor

 

411

 

355

 

15.8

 

9.5

 

Other

 

1,059

 

958

 

10.5

 

5.0

 

Eliminations

 

(99

)

(91

)

-

 

-

 

 

 

6,099

 

5,691

 

7.2

 

2.0

 

 

 

Key performance indicators

 

Germany

 

Italy

 

Spain

 

UK

 

Other

 

Europe

Organic growth

 

%

 

%

 

%

 

%

 

%

 

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Closing mobile customers

 

10.8

 

13.2

 

9.3

 

8.9

 

9.0

 

10.4

Mobile voice usage

 

25.2

 

16.9

 

15.0

 

15.6

 

8.2

 

16.5

 

Mobile customers

 

The Europe region recorded 3.1 million net customer additions in the quarter, in line with the same quarter last year. The total customer base reached 109.1 million at the end of the quarter, up 10.3 million since the same quarter last year.

 

Mobile usage

 

Total voice usage increased by 16.5% compared with the same quarter last year.  Outgoing call volumes increased by 19.4% resulting from a 10.9% growth in average customers and a 7.7% growth in outgoing usage per customer.

 

Germany was particularly strong with 31.3% growth in total outgoing usage, driven by the take-up of bigger minute bundles and flat tariffs, with 19.1% growth in usage per customer, mitigating the 27.1% decline in effective price per minute. In Italy, total outgoing minute growth accelerated to 22.4% year on year from 14.7% in the previous quarter through the success of a promotion targeting unlimited calls to other Vodafone numbers and other contract minute bundles.

 

Revenue

 

Reported revenue growth of 7.3% included 0.7 percentage points benefit from the inclusion of Tele2 in Italy and Spain, and 4.4 percentage points from exchange rate movements due to strengthening of the Euro in the quarter. Organic service revenue growth for the quarter was 2.0%, consistent with the underlying trend in the previous quarter, demonstrating continued robust performance in markets that continue to be challenging.

 


1  Organic growth figures for Italy, Spain and the Europe region are stated excluding the contribution from Tele2.

 

5


KEY PERFORMANCE INDICATORS - MOBILE TELECOMMUNICATIONS BUSINESSES

 

Voice revenue

 

Voice revenue declined by 2.2% on an organic basis compared with the same quarter last year, in line with the previous quarter when adjusted for the VAT refund in the UK.  Outgoing voice revenue declined 1.7% on an organic basis as effective price per minute fell 17.7%, consistent with the previous quarter, mitigated by strong usage growth, notably in Germany.  Incoming voice revenue declined by 3.9% on an organic basis with an 11.9% reduction in effective revenue per minute, principally due to ongoing termination rate cuts, offset by 9.0% growth in incoming volumes.  Roaming and international visitor revenues declined 9.9% year on year on an organic basis from the impact of the Group’s initiatives on retail and wholesale roaming and the recent European roaming regulation. Usage across these categories grew 14.1% year on year demonstrating that the Group’s lower pricing is gaining traction with customers.

 

Messaging revenue

 

The Europe region recorded 8.1% organic growth in messaging revenue compared with the same quarter last year, in line with the previous quarter, but with divergent trends across the region. Vodafone’s Infinity proposition in Italy and bundled offers in the UK contributed to constant exchange rate growth in messaging revenue of 16.9% and 21.2% respectively. In Germany, messaging revenue fell 8.6% at constant exchange rates, consistent with trends in the prior quarter, as the new voice tariffs with inclusive on-net SMS led to an 18.7% fall in effective price per message.

 

Data revenue

 

Data revenue growth remained strong, increasing by 35.5% on an organic basis and continued to benefit from growth in business services and the increasing penetration of 3G devices, which now number 22.1 million and represent 20% of the European customer base.  Handheld business devices increased by 128% since December last year to 2.4 million, with Vodafone Mobile Connect cards up 69% to 1.9 million.

 

Fixed line revenue

 

Fixed line revenue grew 23.9%, boosted by the first time inclusion of Tele2 in Italy and Spain, and by 5.5% on an organic basis.  In Germany, Arcor generated 9.5% service revenue growth at constant exchange rates, driven by a 29.8% year on year increase in DSL customers to 2.4 million.  At the end of December 2007, Italy and Spain had 0.4 million and 0.2 million DSL customers respectively following the acquisition of Tele2’s operations in those markets.

 

Associates and investments

 

SFR recorded 0.3 million proportionate net additions in the quarter, bringing the proportionate mobile customer base to 8.3 million. Vivendi is expected to report further financial information for SFR on 29 February 2008.

 

6


KEY PERFORMANCE INDICATORS - MOBILE TELECOMMUNICATIONS BUSINESSES

 

EMAPA

 

 

 

Quarter ended 31 December

 

 

 

 

 

 

 

2007

 

2006

 

             % change

 

 

 

£m

 

£m

 

£

 

Organic(1) (2)

 

 

 

 

 

 

 

 

 

 

 

Total revenue

 

2,496

 

1,700

 

46.8

 

13.8

 

 

 

 

 

 

 

 

 

 

 

Voice revenue

 

1,990

 

1,302

 

52.8

 

11.9

 

Messaging revenue

 

222

 

201

 

10.4

 

5.7

 

Data revenue

 

87

 

32

 

171.9

 

97.0

 

Fixed line revenue

 

12

 

26

 

(53.8

)

72.0

 

Other service revenue

 

1

 

 

 

 

Service revenue

 

2,312

 

1,561

 

48.1

 

13.7

 

 

 

 

Quarter ended 31 December

 

 

 

 

 

Service revenue

 

2007

 

2006

 

             % change

 

 

 

£m

 

£m

 

£

 

Organic(1) (2)

 

 

 

 

 

 

 

 

 

 

 

Eastern Europe

 

786

 

629

 

25.0

 

9.9

 

Middle East, Africa & Asia

 

1,150

 

606

 

89.8

 

20.9

 

Pacific

 

377

 

326

 

15.6

 

7.5

 

Eliminations

 

(1

)

 

 

 

 

 

2,312

 

1,561

 

48.1

 

13.7

 

 

Key performance indicators

 

Eastern Europe

 

Middle East,
Africa &
Asia

 


Pacific

 


EMAPA

 

Organic growth(1)  

 

%

 

%

 

%

 

%

 

 

 

 

 

 

 

 

 

 

 

Closing mobile customers

 

12.2

 

34.5

 

8.1

 

24.0

 

Mobile voice usage

 

20.8

 

42.7

 

14.1

 

29.3

 

 

The EMAPA region recorded 7.7 million customer net additions in the quarter compared with 4.5 million in the same quarter last year. India accounted for most of the increase, with Vodafone Essar generating a 71% increase in customers year on year, adding 4.2 million customers in the quarter.

 

The total customer base reached 112.0 million, surpassing Europe for the first time, and included 39.9 million customers in Vodafone Essar in India, making it the largest operator by customers within the Vodafone Group.

 

Total revenue grew 13.8% on an organic basis, with reported revenue growth of 46.8%, including a 26.8 percentage points benefit from acquisitions and disposals, primarily relating to the timing of the acquisition in India, and 6.2 percentage points from exchange rate movements, notably from Turkey.  On a proforma basis, including India and Turkey in the prior year period, total revenue grew 22%.

 

Organic growth in service revenue in the quarter of 13.7% compares with 13.1% in the previous quarter. Customer growth remains the key driver of the organic increase in service revenue, with average customers up 26.3% on an organic basis.

 

Eastern Europe

 

Organic growth in service revenue was 9.9% in Eastern Europe1, slightly higher than the 9.0% growth in the previous quarter.

 

Romania continues to be the principal driver of organic growth in Eastern Europe, where the customer base has reached 8.8 million. Despite an increasingly competitive environment, service revenue growth in Romania at constant exchange rates was 18.7%2, similar to growth in the previous quarter, with 17.5% growth in average customers enhanced by a 1.1% increase in ARPU.

 

In Turkey, year on year total revenue growth for the quarter was 25.7%, notwithstanding a very competitive environment. Customer growth continues to be strong at 0.4 million in the quarter, but lower than the 0.8 million in the previous quarter following measures taken to improve the quality of customers acquired.

 


1 EMAPA, Eastern Europe and Middle East, Africa & Asia organic growth where relevant exclude Turkey and India as these were not part of the Group for all of the year to 31 March 2007.

2 On 1 October 2007, Romania rebased all of its tariffs and changed its functional currency from US dollars to Euros.  In calculating all constant exchange rate and organic metrics including Romania, previous US dollar amounts have been translated into Euros at the 1 October 2007 opening exchange rate.

 

7


KEY PERFORMANCE INDICATORS - MOBILE TELECOMMUNICATIONS BUSINESSES

 

Middle East, Africa and Asia

 

Organic service revenue growth in Middle East, Africa and Asia was 20.9%, similar to growth in the previous quarter, driven by 37.5% organic growth in average customers.

 

At constant exchange rates, Egypt delivered growth in service revenue of 30.7%, compared with 26.4% growth in the previous quarter.  Customer net additions were 1.1 million. With a customer base of 13.3 million at 31 December 2007, average customers have increased by 55.7% compared with the same quarter last year.

 

Vodacom had service revenue growth of 14.7% at constant exchange rates, lower than the previous quarter reflecting lower average customer growth as market penetration rises.  The Group’s share of net additions was 0.7 million, bringing the Group’s share of the closing customer base to 16.5 million.  Messaging and data revenue growth remain very strong, with a combined increase of 44.3% compared to the prior year at constant exchange rates.

 

Vodafone Essar, the Group’s Indian operation, registered 4.2 million customer net additions in the quarter bringing the closing customer base to 39.9 million, up 71% on December last year.  Year on year total revenue growth for the quarter was 56%, assuming the Group owned the business for the whole of both quarters. Earlier this month the Department of Telecommunications in India allocated spectrum to Vodafone Essar in six additional circles. The Group anticipates launching operations in these circles later this calendar year, providing a national footprint and enabling it to benefit from the rapid penetration growth in rural areas.

 

Pacific

 

The Pacific area delivered 7.5% organic growth in service revenue, higher than the 5.5% growth in the previous quarter. This has been driven by higher growth in Australia in the postpaid customer base during the quarter, with greater focus on new contract connections and an expansion in retail distribution, combined with strong data and DSL growth in New Zealand.

 

Associates and investments

 

Verizon Wireless

 

In the US, Verizon Wireless continued its strong momentum, with service revenue growth of 14.4% as robust ARPU was sustained by strong growth in messaging and data revenue of 54% at constant exchange rates. Verizon Wireless maintained strong growth in retail customers, with 1.9 million retail net additions compared with 1.8 million in the previous quarter.

 

Other

 

The Group’s other investments in EMAPA registered 0.9 million proportionate customer net additions in the quarter, primarily relating to the Group’s 3.3% stake in China Mobile.

 

-ends-

 

8


KEY PERFORMANCE INDICATORS - MOBILE TELECOMMUNICATIONS BUSINESSES

 

For further information:

 

 

 

Vodafone Group

 

 

 

Investor Relations

Media Relations

 

 

Tel: +44 (0) 1635 664447

Tel: +44 (0) 1635 664444

 

 

Notes to editors:

 

1.             Vodafone, the Vodafone logos, Vodafone live!, Vodafone At Home, Vodafone Office, Vodacom and Vodafone Mobile Connect are trademarks of the Vodafone Group.

 

2.             References to ‘the previous quarter’ are to the quarter ended 30 September 2007 unless otherwise stated.

 

3.             Eliminations within the Europe and EMAPA service revenue tables represent intercompany revenue between the segments within the respective region.

 

4.             The basis of the calculation for organic growth is included on page 159 of the Group’s Annual Report for the year ended 31 March 2007. For organic revenue growth, the main adjustments within the EMAPA region are for the acquisitions of Vodafone Essar in India and the Group’s subsidiary in Turkey, and the change in status of Vodafone’s interest in Bharti Airtel to an investment, as well as foreign exchange movements. For the Europe region, the principal adjustments are for foreign exchange movements and the acquisition of Tele2 in Italy and Spain.

 

5.             The Group’s outlook for the year ending 31 March 2008 is contained on page 59 of Vodafone’s Annual Report for the year ended 31 March 2007 and was updated in the Half-Yearly Financial Report for the six months ended 30 September 2007.

 

 

FORWARD-LOOKING STATEMENTS

 

This press release contains forward-looking statements which are subject to risks and uncertainties because they relate to future events.  In particular, such forward-looking statements include statements with respect to Vodafone’s expectations as to expected savings from cost reduction initiatives, including the site-sharing agreement in Italy; expectations as to levels of capital expenditure and operating expenditure; targeted revenue from the Group’s total communications initiatives; the anticipated impact of favourable exchange rate movements on the Group’s results for the current fiscal year; anticipated expansion of coverage in India through Vodafone Essar’s investment in Indus Towers Limited; the anticipated launch of operations in six additional circles in India; the anticipated launch of operations in Qatar; and the Group’s expectations for revenue, adjusted operating profit, capitalised fixed asset additions, depreciation and amortisation charges and free cash flow for the 2008 financial year contained within the outlook statement on page 3 of this document.  Some of the factors which may cause actual results to differ from these forward-looking statements can be found by referring to the information under the headings “Cautionary Statement Regarding Forward-Looking Statements” in the Half-Yearly Financial Report for the six months ended 30 September 2007 and “Risk Factors, Seasonality and Outlook - Risk Factors” in Vodafone Group Plc’s Annual Report for the year ended 31 March 2007.  The Half-Yearly Financial Report and the Annual Report can be found on the Group’s website (www.vodafone.com).

 

9

 


KEY PERFORMANCE INDICATORS - MOBILE TELECOMMUNICATIONS BUSINESSES

 

MOBILE CUSTOMERS(1) – 1 APRIL 2007 TO 31 DECEMBER 2007

 

 

 

SIX MONTHS ENDED 30 SEPTEMBER 2007

 

QUARTER ENDED 31 DECEMBER 2007

 


COUNTRY (in thousands)

 

AT 1 APR
2007

 

NET ADDITIONS

 

OTHER MOVEMENTS(2)

 

AT 30 SEP 2007

 

NET ADDITIONS

 

OTHER MOVEMENTS

 

AT 31 DEC 2007

 

PREPAID(3)

Europe

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Germany

 

30,818

 

1,723

 

-

 

32,541

 

1,379

 

-

 

33,920

 

55.9%

 

Italy

 

21,034

 

1,373

 

-

 

22,407

 

384

 

-

 

22,791

 

91.2%

 

Spain

 

14,893

 

580

 

-

 

15,473

 

337

 

-

 

15,810

 

42.7%

 

UK

 

17,411

 

548

 

-

 

17,959

 

488

 

-

 

18,447

 

60.5%

 

 

 

84,156

 

4,224

 

-

 

88,380

 

2,588

 

-

 

90,968

 

65.3%

 

Other Europe

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Albania

 

956

 

119

 

-

 

1,075

 

52

 

-

 

1,127

 

94.9%

 

Greece

 

5,057

 

289

 

-

 

5,346

 

92

 

-

 

5,438

 

68.7%

 

Ireland

 

2,177

 

40

 

-

 

2,217

 

48

 

-

 

2,265

 

72.4%

 

Malta

 

186

 

11

 

-

 

197

 

4

 

-

 

201

 

89.5%

 

Netherlands

 

3,880

 

(13

)

25

 

3,892

 

146

 

-

 

4,038

 

43.0%

 

Portugal

 

4,751

 

206

 

-

 

4,957

 

154

 

-

 

5,111

 

78.7%

 

 

 

17,007

 

652

 

25

 

17,684

 

496

 

-

 

18,180

 

68.1%

 

Europe

 

101,163

 

4,876

 

25

 

106,064

 

3,084

 

-

 

109,148

 

65.8%

 

EMAPA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Eastern Europe

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Czech Republic

 

2,475

 

107

 

-

 

2,582

 

76

 

-

 

2,658

 

48.2%

 

Romania

 

7,954

 

625

 

-

 

8,579

 

229

 

-

 

8,808

 

65.2%

 

Hungary

 

2,163

 

49

 

-

 

2,212

 

92

 

-

 

2,304

 

56.2%

 

Turkey

 

13,900

 

2,337

 

(528

)

15,709

 

407

 

-

 

16,116

 

89.4%

 

Poland

 

2,483

 

134

 

-

 

2,617

 

21

 

-

 

2,638

 

56.5%

 

 

 

28,975

 

3,252

 

(528

)

31,699

 

825

 

-

 

32,524

 

69.9%

 

Middle East, Africa & Asia

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Egypt

 

9,652

 

2,178

 

356

 

12,186

 

1,147

 

-

 

13,333

 

95.5%

 

Kenya

 

2,433

 

750

 

-

 

3,183

 

515

 

-

 

3,698

 

98.8%

 

South Africa(4)

 

15,075

 

2,155

 

(1,447

)

15,783

 

738

 

-

 

16,521

 

88.8%

 

India

 

-

 

7,955

 

27,703

 

35,658

 

4,207

 

-

 

39,865

 

89.6%

 

 

 

27,160

 

13,038

 

26,612

 

66,810

 

6,607

 

-

 

73,417

 

91.1%

 

Pacific

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Australia

 

3,367

 

64

 

-

 

3,431

 

142

 

-

 

3,573

 

71.5%

 

New Zealand

 

2,244

 

11

 

-

 

2,255

 

54

 

-

 

2,309

 

73.7%

 

Fiji

 

139

 

15

 

-

 

154

 

32

 

-

 

186

 

95.6%

 

 

 

5,750

 

90

 

-

 

5,840

 

228

 

-

 

6,068

 

73.7%

 

EMAPA

 

61,885

 

16,380

 

26,084

 

104,349

 

7,660

 

-

 

112,009

 

84.0%

 

Group

 

163,048

 

21,256

 

26,109

 

210,413

 

10,744

 

-

 

221,157

 

75.9%

 

Reconciliation to proportionate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Minority interests in above

 

(5,904

)

(3,922

)

(9,336

)

(19,162

)

(2,046

)

-

 

(21,208

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Associates and investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

27,322

 

1,341

 

1

 

28,664

 

904

 

-

 

29,568

 

5.5%

 

Other

 

21,927

 

1,818

 

(2,185

)

21,560

 

1,224

 

-

 

22,784

 

80.8%

 

 

 

49,249

 

3,159

 

(2,184

)

50,224

 

2,128

 

-

 

52,352

 

 

 

Proportionate(5)

 

206,393

 

20,493

 

14,589

 

241,475

 

10,826

 

-

 

252,301

 

72.7%

 

Europe

 

109,032

 

4,963

 

25

 

114,020

 

3,389

 

-

 

117,409

 

65.8%

 

EMAPA

 

97,361

 

15,530

 

14,564

 

127,455

 

7,437

 

-

 

134,892

 

73.9%

 

 

Notes:

(1)

 

Group customers are presented on a controlled (fully consolidated) and jointly controlled (proportionately consolidated) basis in accordance with the Group’s current segments.

(2)

 

Other movements relate to the acquisition of Vodafone Essar, the disconnection of inactive SIM cards in Turkey, a share repurchase in Egypt, a change in disconnection policies in Egypt, the Netherlands, Turkey and South Africa as well as the acquisition of a customer base in the United States.

(3)

 

Prepaid customer percentages are calculated on a venture basis. At 31 December 2007, there were 770.3 million venture customers.

(4)

 

South Africa refers to the Group’s interests in Vodacom Group (Pty) Limited and its subsidiaries, including those located outside of South Africa.

(5)

 

Proportionate customers are based on equity interests as at 31 December 2007. The calculation of proportionate customers for Vodafone Essar also assumes the exercise of call options that could increase the Group’s equity interest from 51.95% to 66.98%.  These call options can only be exercised in accordance with Indian law prevailing at the time of exercise.

 

10

 


KEY PERFORMANCE INDICATORS - MOBILE TELECOMMUNICATIONS BUSINESSES

 

MOBILE CUSTOMER CHURN

 

 

 

 

 

ANNUALISED CHURN INFORMATION IN THE QUARTER TO

 

COUNTRY

 

 

 

30 JUN
2006

 

30 SEP
2006

 

31 DEC
2007

 

31 MAR
2007

 

30 JUN
2007

 

30 SEP
2007

 

31 DEC
2007

 

Germany(1)

 

Total

 

20.7

%

 

22.1

%

 

20.1

%

 

24.2

%

 

20.7

%

 

20.8

%

 

20.1

%

 

 

 

Contract

 

14.6

%

 

13.5

%

 

15.7

%

 

14.9

%

 

14.0

%

 

14.7

%

 

14.5

%

 

 

 

Prepaid

 

26.0

%

 

29.5

%

 

23.9

%

 

31.9

%

 

26.4

%

 

26.0

%

 

24.7

%

 

Italy

 

Total

 

20.8

%

 

21.7

%

 

19.4

%

 

20.6

%

 

18.1

%

 

25.0

%

 

24.1

%

 

 

 

Contract

 

17.2

%

 

13.6

%

 

14.8

%

 

14.1

%

 

15.9

%

 

14.7

%

 

17.5

%

 

 

 

Prepaid

 

21.1

%

 

22.4

%

 

19.8

%

 

21.2

%

 

18.3

%

 

25.9

%

 

24.8

%

 

Spain(2)

 

Total

 

20.5

%

 

37.0

%

 

23.4

%

 

24.7

%

 

22.4

%

 

24.5

%

 

23.6

%

 

 

 

Contract

 

12.3

%

 

13.4

%

 

15.3

%

 

16.6

%

 

14.8

%

 

14.6

%

 

15.2

%

 

 

 

Prepaid

 

28.9

%

 

62.5

%

 

32.8

%

 

34.5

%

 

31.7

%

 

37.2

%

 

34.6

%

 

UK

 

Total

 

32.8

%

 

37.6

%

 

35.4

%

 

29.8

%

 

34.1

%

 

35.5

%

 

34.7

%

 

 

 

Contract

 

20.1

%

 

18.8

%

 

17.9

%

 

17.4

%

 

15.9

%

 

15.3

%

 

15.6

%

 

 

 

Prepaid

 

40.9

%

 

49.9

%

 

47.0

%

 

37.9

%

 

46.0

%

 

48.8

%

 

47.4

%

 

 

Notes:

(1)

 

The customer churn for Germany in the quarter ended 31 December 2006 benefited from a regulatory driven change in the prepaid disconnection policy, which reduced disconnections by 291,000 in the quarter. The underlying prepaid customer churn, excluding this change, was 31.1% and total churn was 24.0%.

(2)

 

The customer churn for Spain in the quarter ended 30 September 2006 includes the effect of 584,000 disconnections following a change in the application of disconnection policies. The underlying customer churn, excluding these disconnections, was 20.1%.

 

3G DEVICES(1)

 

 

SIX MONTHS ENDED 30 SEPTEMBER 2007

QUARTER ENDED 31 DECEMBER 2007

COUNTRY (in thousands)

 

AT 1 APR
2007

 

NET
ADDITIONS

 

AT 30 SEP
2007

 

NET
ADDITIONS

 

AT 31 DEC
2007

 

Germany

 

3,720

 

1,025

 

4,745

 

570

 

5,315

 

Italy

 

3,762

 

938

 

4,700

 

740

 

5,440

 

Spain

 

2,890

 

1,438

 

4,328

 

516

 

4,844

 

UK

 

1,938

 

1,157

 

3,095

 

166

 

3,261

 

Other Europe

 

2,353

 

520

 

2,873

 

363

 

3,236

 

Europe

 

14,663

 

5,078

 

19,741

 

2,355

 

22,096

 

EMAPA(2)

 

1,492

 

653

 

2,145

 

440

 

2,585

 

Group

 

16,155

 

5,731

 

21,886

 

2,795

 

24,681

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer devices

 

14,458

 

5,033

 

19,491

 

2,199

 

21,690

 

Business devices

 

1,697

 

698

 

2,395

 

596

 

2,991

 

Group

 

16,155

 

5,731

 

21,886

 

2,795

 

24,681

 

 

Notes:

(1)

 

3G devices only include those in the Group’s subsidiary and joint venture undertakings. At 31 December 2007, there were an additional 3.7 million (30 September 2007: 3.2 million, 30 June 2007: 3.3 million, 31 March 2007: 3.0 million) registered Vodafone live! with 3G and Vodafone Mobile Connect card venture customers in the Group’s associated undertakings.

 

 

 

(2)

 

During the quarter, the number of 3G devices in the EMAPA region were revised upwards by 287,000 and 473,000 at 1 April 2007 and 30 September 2007, respectively, to align with Group policies.

 

 

 

 

11


KEY PERFORMANCE INDICATORS - MOBILE TELECOMMUNICATIONS BUSINESSES

 

MOBILE VOICE USAGE VOLUMES

 

 

 

TOTAL VOICE MINUTES(1) IN THE QUARTER ENDED

 

COUNTRY (in millions)

 

3O JUN
2006

 

30 SEP
2006

 

31 DEC
2006

 

31 MAR
2007

 

30 JUN
2007

 

30 SEP
2007

 

31 DEC
2007

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Europe

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Germany

 

7,614

 

7,979

 

8,650

 

9,230

 

9,897

 

10,263

 

10,827

 

Italy

 

7,687

 

8,050

 

8,256

 

8,439

 

8,932

 

9,051

 

9,651

 

Spain

 

6,978

 

7,533

 

7,655

 

8,248

 

8,530

 

8,886

 

8,800

 

UK

 

7,207

 

7,579

 

8,160

 

8,790

 

8,963

 

9,112

 

9,434

 

Albania

 

148

 

166

 

160

 

167

 

196

 

215

 

188

 

Greece

 

2,075

 

2,216

 

2,113

 

1,985

 

2,168

 

2,282

 

2,244

 

Ireland

 

1,380

 

1,422

 

1,462

 

1,420

 

1,490

 

1,517

 

1,543

 

Malta

 

49

 

55

 

50

 

48

 

55

 

64

 

59

 

Netherlands

 

1,820

 

1,711

 

1,868

 

1,900

 

2,006

 

1,899

 

2,036

 

Portugal

 

1,472

 

1,606

 

1,586

 

1,612

 

1,657

 

1,836

 

1,764

 

Europe

 

36,430

 

38,317

 

39,960

 

41,839

 

43,894

 

45,125

 

46,546

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EMAPA

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Eastern Europe

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Czech Republic

 

901

 

868

 

919

 

916

 

985

 

998

 

1,075

 

Hungary

 

948

 

980

 

1,030

 

1,030

 

1,110

 

1,149

 

1,206

 

Romania(2)

 

1,873

 

2,059

 

2,231

 

2,339

 

2,540

 

2,726

 

2,778

 

Turkey(3)

 

2,494

 

6,451

 

5,781

 

6,224

 

6,583

 

6,551

 

6,157

 

Joint Venture

 

575

 

641

 

717

 

681

 

769

 

819

 

855

 

 

 

6,791

 

10,999

 

10,678

 

11,190

 

11,987

 

12,243

 

12,071

 

Middle East, Africa & Asia

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Egypt

 

2,869

 

3,462

 

3,670

 

4,156

 

4,794

 

5,591

 

5,878

 

India(4)

 

-

 

-

 

-

 

-

 

26,713

 

33,897

 

43,261

 

Joint Ventures(5)

 

5,160

 

5,713

 

6,638

 

5,781

 

3,016

 

4,854

 

4,613

 

 

 

8,029

 

9,175

 

10,308

 

9,937

 

34,523

 

44,342

 

53,752

 

Pacific

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Australia

 

2,006

 

2,141

 

2,238

 

2,222

 

2,179

 

2,252

 

2,422

 

New Zealand

 

597

 

597

 

672

 

771

 

793

 

834

 

888

 

Joint Venture

 

28

 

33

 

34

 

32

 

38

 

42

 

47

 

 

 

2,631

 

2,771

 

2,944

 

3,025

 

3,010

 

3,128

 

3,357

 

EMAPA

 

17,451

 

22,945

 

23,930

 

24,152

 

49,520

 

59,713

 

69,180

 

Group

 

53,881

 

61,262

 

63,890

 

65,991

 

93,414

 

104,838

 

115,726

 

 

Notes:

(1)          The total voice minute information presented in the table above represents network minutes, or the volume of minutes handled by each local network, and includes incoming, outgoing and visitor calls. The voice minute information in respect of Germany and New Zealand reflects billed minutes, under which calls are rounded up to the nearest minute under certain tariffs.

(2)          During the quarter ended 31 December 2006, Vodafone Romania restated usage volumes for all quarters in the prior year. Previous volumes were billed minutes and this has now been restated to network minutes.

(3)          On 24 May 2006, the Group acquired substantially all the assets and business of Telsim Mobil Telekomunikasyon Hizmetleri in Turkey. The quarter ended 30 June 2006 has been restated to include voice minutes from the acquisition date.

(4)          Vodafone Essar is included from 8 May 2007.

(5)          With effect from the quarter ended 30 September 2007, joint venture minutes within the Middle East, Africa & Asia area include the Group’s share of minutes for Vodacom Group (Pty) Limited and its subsidiaries, including those located outside of South Africa.

 

 

12


 

 

KEY PERFORMANCE INDICATORS - MOBILE TELECOMMUNICATIONS BUSINESSES

 

MESSAGING AND DATA AS A PERCENTAGE OF SERVICE REVENUE(1)

 

 

 

QUARTER ENDED 31 DECEMBER 2007

COUNTRY

 

MESSAGING

 

DATA

 

TOTAL

 

 

 

 

 

 

 

 

 

 

 

 

Germany

 

14.0

%

 

11.6

%

 

25.6

%

 

Italy

 

16.3

%

 

6.9

%

 

23.2

%

 

Spain

 

9.3

%

 

7.2

%

 

16.5

%

 

UK

 

19.1

%

 

8.0

%

 

27.1

%

 

Europe

 

13.5

%

 

7.7

%

 

21.2

%

 

EMAPA

 

9.6

%

 

3.7

%

 

13.3

%

 

Group

 

12.5

%

 

6.6

%

 

19.1

%

 

 

 

 

HISTORIC MESSAGING AND DATA INFORMATION

 

 

 

MESSAGING AND DATA AS A PERCENTAGE OF SERVICE REVENUE(1) IN THE QUARTER ENDED

COUNTRY

 

30 JUN
2006

 

30 SEP
2006

 

31 DEC
2006

 

31 MAR
2007

 

30 JUN
2007

 

30 SEP
2007

 

31 DEC
2007

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Germany

 

21.2

%

 

21.6

%

 

22.9

%

 

24.4

%

 

24.3

%

 

24.9

%

 

25.6

%

 

Italy

 

17.3

%

 

17.5

%

 

18.7

%

 

20.4

%

 

21.2

%

 

22.5

%

 

23.2

%

 

Spain

 

15.7

%

 

14.7

%

 

15.3

%

 

16.0

%

 

16.1

%

 

17.3

%

 

16.5

%

 

UK

 

20.9

%

 

21.7

%

 

23.2

%

 

24.3

%

 

24.9

%

 

25.3

%

 

27.1

%

 

Europe

 

17.5

%

 

17.7

%

 

18.7

%

 

19.6

%

 

19.9

%

 

20.7

%

 

21.2

%

 

EMAPA

 

12.6

%

 

14.4

%

 

15.0

%

 

11.8

%

 

12.9

%

 

12.2

%

 

13.3

%

 

Group

 

16.6

%

 

16.9

%

 

17.9

%

 

18.0

%

 

18.2

%

 

18.5

%

 

19.1

%

 

 

Note:

(1)          Messaging and data percentages are calculated using service revenue from all businesses within the Group and include fixed line revenue. At 30 September 2007, historical data was revised to provide comparative information. Calculations are based on service revenue rounded to the nearest 0.1 million using local currency for individual countries and sterling for regional and Group numbers.

 

 

13


 

KEY PERFORMANCE INDICATORS - MOBILE TELECOMMUNICATIONS BUSINESSES

 

AVERAGE MONTHLY REVENUE PER USER IN THE QUARTER

 

COUNTRY

 

 

 

30 JUN
2006

 

30 SEP
2006

 

31 DEC
2006

 

31 MAR
2007

 

30 JUN
2007

 

30 SEP
2007

 

31 DEC
2007

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Europe:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Germany

 

 

Total

 

22.1

 

22.4

 

20.9

 

19.3

 

19.5

 

19.5

 

18.0

 

(EUR)

 

 

Contract

 

38.4

 

39.0

 

36.7

 

34.7

 

34.9

 

35.3

 

33.1

 

 

 

 

Prepaid

 

7.6

 

7.6

 

7.0

 

6.1

 

6.2

 

6.1

 

5.5

 

Italy

 

 

Total

 

27.6

 

27.1

 

25.8

 

23.4

 

23.2

 

22.7

 

22.3

 

(EUR)

 

 

Contract

 

72.6

 

68.0

 

71.1

 

69.5

 

69.8

 

65.2

 

65.4

 

 

 

 

Prepaid

 

23.3

 

23.2

 

21.5

 

19.1

 

18.8

 

18.6

 

17.2

 

Spain

 

 

Total

 

35.3

 

36.4

 

35.3

 

33.8

 

36.3

 

36.5

 

34.7

 

(EUR)

 

 

Contract

 

54.8

 

55.2

 

51.3

 

48.9

 

52.0

 

51.7

 

48.0

 

 

 

 

Prepaid

 

15.0

 

15.4

 

16.0

 

15.0

 

16.4

 

16.5

 

15.5

 

UK

 

 

Total

 

23.7

 

24.5

 

23.6

 

22.7

 

23.1

 

24.1

 

22.7

 

(GBP)

 

 

Contract

 

45.2

 

46.5

 

43.7

 

43.4

 

43.5

 

45.8

 

42.2

 

 

 

 

Prepaid

 

8.9

 

9.4

 

9.5

 

8.6

 

8.9

 

9.0

 

9.0

 

Albania

 

 

Total

 

2,122

 

2,311

 

2,086

 

1,868

 

1,844

 

2,016

 

1,780

 

(ALL)

 

 

Contract

 

17,240

 

17,941

 

16,329

 

14,612

 

14,403

 

14,733

 

11,781

 

 

 

 

Prepaid

 

1,606

 

1,782

 

1,605

 

1,419

 

1,366

 

1,497

 

1,308

 

Greece

 

 

Total

 

31.1

 

31.0

 

27.6

 

24.7

 

25.5

 

26.2

 

22.9

 

(EUR)

 

 

Contract

 

65.6

 

66.8

 

61.6

 

56.5

 

60.0

 

62.0

 

53.4

 

 

 

 

Prepaid

 

13.7

 

13.4

 

11.4

 

10.1

 

10.2

 

10.4

 

8.9

 

Ireland

 

 

Total

 

48.8

 

46.9

 

45.6

 

44.6

 

45.4

 

45.1

 

43.9

 

(EUR)

 

 

Contract

 

102.8

 

99.4

 

94.5

 

92.5

 

94.3

 

94.1

 

89.4

 

 

 

 

Prepaid

 

29.3

 

28.0

 

27.9

 

27.2

 

27.1

 

26.6

 

26.3

 

Malta(1)

 

 

Total

 

14.7

 

16.6

 

12.6

 

12.0

 

14.0

 

15.5

 

12.9

 

(MTL)

 

 

Contract

 

39.2

 

38.2

 

36.0

 

34.7

 

36.3

 

37.2

 

35.3

 

 

 

 

Prepaid

 

11.2

 

13.4

 

9.2

 

8.5

 

10.5

 

12.0

 

9.3

 

Netherlands

 

 

Total

 

35.7

 

36.9

 

31.7

 

36.1

 

37.9

 

38.8

 

36.3

 

(EUR)

 

 

Contract

 

63.5

 

64.6

 

52.0

 

57.8

 

59.7

 

59.6

 

55.8

 

 

 

 

Prepaid

 

10.1

 

10.4

 

9.8

 

9.8

 

10.6

 

10.8

 

9.4

 

Portugal

 

 

Total

 

23.5

 

24.4

 

22.8

 

22.1

 

22.4

 

23.7

 

22.4

 

(EUR)

 

 

Contract

 

62.2

 

62.8

 

57.8

 

54.2

 

54.9

 

59.0

 

54.2

 

 

 

 

Prepaid

 

13.0

 

13.9

 

13.2

 

13.2

 

13.2

 

14.0

 

13.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EMAPA Subsidiaries:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Australia

 

 

Total

 

49.4

 

52.4

 

54.0

 

51.3

 

50.5

 

49.5

 

53.2

 

(AUD)

 

 

Contract

 

92.7

 

96.4

 

98.8

 

97.1

 

96.2

 

93.6

 

96.8

 

 

 

 

Prepaid

 

33.9

 

36.2

 

37.2

 

34.1

 

33.0

 

32.0

 

35.2

 

Czech Republic

 

 

Total

 

674

 

670

 

658

 

613

 

635

 

619

 

618

 

(CZK)

 

 

Contract

 

978

 

966

 

946

 

897

 

916

 

889

 

891

 

 

 

 

Prepaid

 

331

 

334

 

331

 

295

 

320

 

320

 

319

 

Egypt

 

 

Total

 

79.4

 

88.1

 

79.4

 

75.0

 

75.6

 

71.6

 

66.7

 

(EGP)

 

 

Contract

 

292.1

 

309.7

 

289.9

 

295.8

 

308.8

 

304.5

 

281.2

 

 

 

 

Prepaid

 

57.1

 

66.7

 

61.4

 

59.1

 

60.4

 

58.2

 

55.6

 

Hungary

 

 

Total

 

5,066

 

5,339

 

5,171

 

4,749

 

4,935

 

4,994

 

4,846

 

(HUF)

 

 

Contract

 

9,129

 

9,097

 

8,529

 

7,847

 

8,010

 

7,832

 

7,484

 

 

 

 

Prepaid

 

3,125

 

3,359

 

3,250

 

2,839

 

2,873

 

2,930

 

2,801

 

India

 

 

Total

 

N/A

 

N/A

 

N/A

 

N/A

 

N/A

 

361

 

349

 

(INR)

 

 

Contract

 

N/A

 

N/A

 

N/A

 

N/A

 

N/A

 

995

 

1,059

 

 

 

 

Prepaid

 

N/A

 

N/A

 

N/A

 

N/A

 

N/A

 

277

 

264

 

New Zealand

 

 

Total

 

46.6

 

46.6

 

50.7

 

49.3

 

47.1

 

48.8

 

52.1

 

(NZD)

 

 

Contract

 

126.1

 

125.3

 

128.9

 

122.8

 

117.2

 

118.7

 

120.3

 

 

 

 

Prepaid

 

23.2

 

22.5

 

23.7

 

23.4

 

21.4

 

22.0

 

23.7

 

Turkey

 

 

Total

 

N/A

 

16.5

 

14.4

 

14.4

 

15.7

 

16.3

 

14.6

 

(TRY)

 

 

Contract

 

N/A

 

31.4

 

28.2

 

28.7

 

29.2

 

29.8

 

28.7

 

 

 

 

Prepaid

 

N/A

 

14.8

 

12.9

 

12.9

 

14.1

 

14.7

 

12.9

 

Romania(2)

 

 

Total

 

10.7

 

11.2

 

11.0

 

9.8

 

11.0

 

11.1

 

11.1

 

(EUR)

 

 

Contract

 

20.7

 

21.7

 

21.5

 

19.1

 

21.9

 

22.4

 

22.3

 

 

 

 

Prepaid

 

4.7

 

5.1

 

5.0

 

4.3

 

4.7

 

4.6

 

4.5

 

 

Notes:

(1)          During the quarter ended 30 June 2007, Vodafone Malta restated previously published prepaid and contract average monthly revenue per user to reflect a revised analysis of historic service revenue.

(2)          Romania adopted the Euro from 1 October 2007.  Historical ARPU numbers have been translated using the opening exchange rate on this date.

 

14


 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.

 

 

 

VODAFONE GROUP

 

PUBLIC LIMITED COMPANY

 

(Registrant)

 

 

 

 

 

 

Dated: February 1, 2008

By:

/s/ S R SCOTT

 

Name:Stephen R. Scott

 

Title:Group General Counsel and Company Secretary