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Vodafone's Irish customers numbers rising

Vodafone - Irish texting and talking more
Vodafone - Irish texting and talking more

Vodafone says its Irish customers exceeded the European average for both talking and texting.

Irish customers used an average of 248 minutes talking on their mobile phones and sent 143 text message in the three months from July to September. This compares to European averages of 147 and 74 respectively.

Vodafone Ireland said its mobile and broadband customer numbers rose by 0.6% in the third quarter of the year to hit 2.23 million.

Another 76,621 fixed line and DSL customers were also added in the three months from July to September to bring its total telecoms customer base to 2.31 million by the end of September.

Vodafone said that average revenue per user fell by 5.7% from €45.10 to €42.50 in the third quarter. But text messaging reached an all time high with a total of 959 million text messages sent, up 17.9% on the same time last year.

Total voice minutes also increased by 6.8% to 1.62 billion.

Meanwhile, Vodafone Ireland's parent company said its net profit had slumped by 35% in the first half of its financial year as it booked a hefty loss on the value of its Turkish business.

The Vodafone group said that it planned to cut costs by about £1 billion sterling annually from 2011, while the group downgraded its full-year revenue outlook.

Vodafone said in an earnings statement that profit after tax slid to £2.14 billion in the six months to September 30 compared with the first half of the year. The company booked a loss of £1.7 billion on the value of Vodafone Turkey.

'Our turnaround in Turkey is taking longer than we anticipated,' Vodafone's new CEO Vittorio Colao said in the company's earnings statement.

Group revenue rose 17% to £19.90 billion in the six month period compared with the first half of 2007/08, thanks to benefits derived from currency exchange rates.

However, Vodafone downgraded its forecast for full-year revenue to between £38.8 and £39.7 billion from a previous top estimate of £40.7 billion. Vodafone is the world's biggest mobile phone company by revenues.

'The first half results reflect a solid overall performance in a challenging operating and a weaker macro economic environment,' said Colao, who in July replaced Arun Sarin, who stepped down after five years as Vodafone chief executive.

'Operating conditions are expected to continue to be challenging in Europe given ongoing competitive and regulatory pressures and recent deterioration of economic conditions in certain markets,' Colao added.

In recent years, Vodafone has expanded into emerging markets across Africa and Asia, as it looks to offset flagging sales and fierce competition in maturing Western markets.

Vodafone shares were up almost 9% in afternoon trade in London today to stand at 117.75 pence.