Vodafone hit by subscriptions subsidence

City traders punish poor customer growth...

By Kate Hanaghan, 25 April 2002 10:05

NEWS Vodafone this morning saw its share price sink further after it announced disappointing customer figures. For the last quarter the company gained another 1.3 million customers worldwide but this compares unfavourably with the four million it acquired in the quarter over Christmas. This morning Vodafone felt the heavy hand of traders who were unimpressed with the drop in numbers. Shortly after the markets opened Vodafone's share price was into the red by 3.7 per cent. Vodafone CEO, Chris Gent, tried to draw focus to the stabilisation in average revenues per user, which he said was "ahead of expectations".

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