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Vodafone Says Q1 Trading Consistent With Management Expectation(dpa-AFX International Compact Via Acquire Media NewsEdge) NEWBURY (dpa-AFX) - Telecom giant Vodafone Group Plc. (VOD.L, VOD) Friday said first-quarter group revenue totaled 10.204 billion pounds, up 6.2 percent on a reported basis, but down 4.4 percent on an organic basis. Group service revenue improved 6.4 percent to 9.446 billion pounds, but fell 4.2 percent organically. The company said trading in the first quarter was consistent with management's expectation underlying the outlook statement for the 2015 financial year. The Group confirmed its outlook for the 2015 financial year. Vittorio Colao, CEO, said, ''The year has started in line with our expectations. Through our commercial actions and investment, our performance is beginning to stabilise quarter-on-quarter in several of our European markets, with customer appetite for 4G services clearly growing. We also see very strong growth in demand for data in India." Copyright RTT News/dpa-AFX |