Vodafone reports Q3 slowdown, hit by Germany, Italy and Spain

LONDON: Vodafone reported a steeper-than expected slowdown in its third quarter, the first under interim boss Margherita Della Valle, after service revenue in Spain slumped and there was a further deterioration in Germany, its biggest market.

The mobile and broadband operator reported group service revenue growth of 1.8% in the third quarter, down from 2.5% in the second and missing market expectations.