Vodafone NZ's annual revenue dips as competition mounts

Wed, 20 May 2015

By Paul McBeth May 20 (BusinessDesk) - Global telecommunications firm Vodafone Group has reported a dip in its New Zealand revenue amid increased competition. The New Zealand unit reported a 2.6 percent decline in service revenue in the 12 months ended March 31 "as a result of aggressive competition," offsetting gains in other Africa, Middle East and Asia Pacific nations, the London Stock Exchange parent said in a statement. The New Zealand unit's performance also weighed on the region's earnings before interest, tax, depreciation and amo...

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