Vodafone roaming income slumps as virus slashes travel

London: Vodafone, Europe’s biggest mobile phone company, reported Tuesday slumping roaming revenues as the coronavirus slashes international travel while it warned of increased cyber attacks by criminals profiting from the pandemic.

“In April, we have seen roaming in Europe fall by 65 to 75 percent,” the British group said in an earnings statement that showed Vodafone at the same time benefitting from customers in lockdown buying more data and adding fixed lines.

“The economic impact of the COVID-19 pandemic in (all) our markets, whilst uncertain, is likely to be significant,” the group warned after it massively narrowed its annual losses.