Vodafone €1Bn turnover in Portugal

 In News

Vodafone Portugal’s revenues increased 3.1% in Q4 2017 making over €1Bn for the year.


It was the tenth consecutive quarter that the telecoms operator saw increased turnover.

Revenues from services topped €232 million at the end of March, representing a like-for-like growth of 3.1% on Q4 2016.

In the same period, total revenues saw a 3% uptick to €246 million.  In 2017 the number of fixed service customers reached 657,000 while the number of 4G customers stood at 1.7 million.

Mário Vaz, CEO of Vodafone Portugal said, “Vodafone Portugal ended the financial year 2017-2018 completing 10 consecutive quarters of growth, fruit of the strategy it has adopted and the capacity of the company to positively respond to growing market challenges.”

For the year 2017-2018 Service Revenues were €950 million representing a 4.6% increase on 2016 while Total Revenues rose 3.3% passing the €1Bn mark.

Vodafone Portugal is a global telecommunications operator with a convergent service recognised in all segments of the market. Leader in innovation, brand image and customer satisfaction, Vodafone Portugal currently serves over 2.7 million homes and businesses with its fast and reliable next generation network and has over 4.7 million mobile customers.

Vodafone Portugal is part of the Vodafone Group which is one of the world’s largest telecommunications companies. Vodafone Group has mobile operations in 26 countries, partners with mobile networks in 50 more, and has fixed broadband operations in 19 markets. As of 30 September 2017, Vodafone Group had 522.8 million mobile customers and 18.8 million fixed broadband customers, including India and all of the customers in Vodafone’s joint ventures and associates