Vodafone’s overall organic services grow 4.7%

Vodafone Group Plc witnessed an overall organic revenue increase of 4.7 per cent to €9.38 billion ($10.1 billion) in the period that ended in December, the company reported on Monday.

The figures came higher than 4.3 per cent average estimate by analysts in a Bloomberg survey. The UK-based telecommunications company announced an increase in the third fiscal quarter across Europe and Africa, the report added.

“We maintained good service revenue momentum in the third quarter across both Europe and Africa, supported by a further acceleration of Vodafone Business, with our Cloud and Internet of Things services growing over 20 per cent, Vodafone Group CEO said.

Vodafone plans to sell assets in a number of struggling European markets as part of CEO Margherita Della Vella’s turnaround strategy. While the company rejected Iliad’s offer.