Source: Seeking Alpha
Vodafone Group (NASDAQ:VOD)
Q1 2015 Earnings Conference Call
July 25, 2014 4:30 a.m. ET
Executives
Vittorio Colao – Chief Executive
Nick Read – Chief Financial Officer
Steve Pusey – Chief Technology Officer
Philipp Humm – Regional CEO Europe
Analysts
Akhil Dattani – JPMorgan
Tim Boddy – Goldman Sachs
Nick Delfas – Redburn Partners
Justin Funnell – Credit Suisse
James Ratzer – New Street Research
David Wright – Bank of America
James Britton – Nomura
Simon Weeden – Citigroup
Robert Grindle – Deutsche Bank
Andrew Beale – Arete Research
Jerry Dellis – Jefferies
Lawrence Sugarman – UBS
Adam Rumley – HSBC
Paul Marsch – Berenberg Bank
Ottavio Adorisio – Societe Generale
John Karidis – Oriel Securities
Operator
Welcome to the Vodafone Group analyst and investor conference call. Your host today is Vittorio Colao, CEO of the Vodafone Group. Please go ahead, Mr Colao.
Vittorio Colao – Chief Executive
Good morning everybody. Welcome to our interim management statement for the first quarter of ’14-’15. I will take you through the highlights and update you on our strategic and commercial developments and our views on the current regulatory environment, then Nick will update you on our financial performance and take you through the trends in our six key markets. He will also provide some country by country detail on the progress of Spring. We’ll then close and move to Q&A for which Nick and I will be joined by Philipp and Steve who are here with us.
So I will start with Slide 4: highlights for the quarter. Group organic service revenue was down 4.2% compared to 4% in the previous quarter, excluding mobile termination rates, was 2.9% in Q1. We continue to see strong growth in our emerging markets driven by continued customer growth and data usage.
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