Vodafone's customers shun eurozone travel

My Account
Logout

Create an Evening Standard Account

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Welcome! Sign in here

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Forgot your password ?

Registration

* indicates fields that are mandatory

Email *

Password *

Confirm Password *

First name *

Surname *

Postcode *

Country *

Mobile phone number

Username *

Gender *

Year of birth *

When you sign up...

You will have access to all our online competitions, discounted offers and can post comments on our site.

You will also receive The Weekender newsletter sent every Thursday - it’s full of fantastic offers and ideas for the weekend. You can update your email preferences in your account page when you log in.

Other newsletters and emails

Homes & Property Newsletter - Yes I want to receive the weekly email with all the latest news on property in the capital

Occasionally we would also like to send you relevant emails detailing specific offers either from ourselves or carefully selected partners. If you would prefer not to receive these then please tick the appropriate boxes below. We will never pass on your details.

I do not want to receive additional offers and information from the Evening Standard

I do not want to receive additional offers and information sent by Evening Standard on behalf of carefully selected partners

Terms and Conditions

* I have read, understood and agree to be bound by the terms and conditions of Evening Standard

Registration

Mail Sent for Registration Confirmation.

A confirmation email has been sent. Please activate your account by clicking on the activation link sent in your mail box.

Chief executive Vittorio Colao said British revenues from roaming - when users go abroad - fell by around 14-15% in the last quarter to December 31.

Lower volumes of overseas phone usage was responsible for around a third of the slide in roaming revenues as people travel less, particularly in the worst-hit eurozone countries such as Italy.

But Colao said falling prices contributed to two-thirds of the decline.

UK revenues rose 1.1% to £1.27 billion in the period as smartphone and data use rises, while global turnover rose 0.9% to £10.61 billion.

Vodafone's India business, VIL, was the stand-out performer with 20% growth.

Analysts reckon that Vodafone could soon consider an initial public offering of VIL in which it holds a majority stake.

Finance director Andy Halford said "we haven't got a particular timeline" about a stock market float and wants clarity on regulation from Indian authorities.

In a sign of how Vodafone is monitoring the eurozone crisis, Halford said Vodafone conducts a sweep of cash from its European businesses at the end of each day and brings it back to the UK.