Vodafone has blamed increasing price competition in its enterprise business, and lower revenues from mobile virtual network operators (MVNOs) and roaming customers for a slip in its UK performance during the final three months of 2016.
In a third quarter trading update, the mobile network operator (MNO) revealed that its reported UK revenues declined by 19% year-on-year in the three months to €1.72bn (£1.47bn), while its organic service revenues were down 3.2% to €1.6bn.
This compared with flat growth in Spain, and between 2% to 3% in Vodafone’s other major European markets, Germany and Italy.
