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Vodafone reports 2.2 percent growth in Q1

Staff Writer |
Vodafone reported better-than-expected 2.2 percent revenue growth in its first quarter.

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This is reflecting a robust performance in Italy and Spain and an acceleration in demand in Turkey.

The company said the rise in organic service revenue, which was ahead of market forecasts of 1.4 to 1.9 percent, gave it confidence in its outlook for the full year, when it expects to grow core earnings by 4-8 percent.

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