 "A man casts a silhouette onto an electronic screen displaying a Vodafone logo, in Mumbai. Photo: Reuters")
The demonetisation move and pricing pressure from Reliance Jio in the India market resonated at the third quarter earnings of London-based Vodafone on Thursday. India revenues of the UK telecom major dropped by 5.5 per cent to 1.45 billion euros in the quarter ended December 2016 from 1.53 billion euros during the same period in the previous year.
In a statement after the Q3 results, Vittorio Colao, group chief executive, said data traffic continued to grow strongly in Europe but slowed in the Africa, Middle East and Asia Pacific (AMAP) regions, citing ‘’impact of free services by the new entrant
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