Vodafone IoT Reports EUR 0.9 Bln Annual Revenue With Double-digit Revenue Growth

Vodafone IoT currently generates 0.9 billion euros annual revenue with double-digit revenue growth and a strong double-digit ROCE. The total addressable market is 10 billion euros and expected to grow 16% per annum, with further stimulus from the NextGenerationEU recovery plan funding, supporting Vodafone's further expansion into end-to-end IoT services, Vodafone Group Plc. (VOD.L,VOD) said in a statement.

Alex Froment-Curtil, Vodafone Group Chief Commercial Officer, said, "Further deepening our customer relationships is the foundation to delivering our medium-term financial ambitions to grow revenue in both Europe and Africa, mid-single digit EBITDAaL growth and to improve our return on capital."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Variety store chain Family Dollar is recalling around 38,300 units of beach loungers citing injury risk, the U.S. Consumer Product Safety Commission said. The recall involves beach lounge chairs with a white metal frame and either red or blue woven plastic fabric. The lounge chairs have a hang tag intended to be removed after purchase. Aerospace giant Boeing Co. (BA) on Wednesday reported fourth-quarter net loss attributable to Boeing shareholders of $4.16 billion or $7.02 per share, sharply narrower than $8.44 billion or $14.65 per share in the year-ago quarter. The 787 program recorded $3.5 billion pre-tax non-cash charge; focused... Telecom giant AT&T reported Wednesday a profit for the fourth quarter compared to a loss last year, primarily boosted by continuing customer growth in wireless, fiber and HBO Max, despite a 10 percent drop in revenues. Both adjusted earnings for the quarter and quarterly revenues also topped analysts' expectations. However, the company issued weak earnings and sales growth outlook for fiscal 2022.
Follow RTT