Vodafone NL: focus on costs to increase as postpaid ARPU hits new low
Vodafone Netherlands reported positive service revenue growth in its fiscal first quarter of 1.0 percent. The weaker euro meant the revenues in pounds reported by Vodafone Group fell by 11 percent. Focusing on the Dutch results in euros, we see a mixed picture: positive developments in mobile usage and fixed connections, but a record low for postpaid, which is likely to lead to an increased focus on costs.