Vodafone to spend €36m more on network as revenues slide
Vodafone has allocated an additional €36m in capital expenditure to its Irish network, according to executives for the operator. The extra investment is part of an additional €1.2bn to be spent on Vodafone's European networks.
Meanwhile revenues in Ireland continues to slide, according to an interim management statement.
Following a trend among Irish telecoms operators, the firm's average revenue per user (ARPU) slipped 3.4pc to €28.20 in the three months to September 30 compared to the previous three months.
The slippage in revenue has been attributed to greater competition from other operators in the market and from free online phone and text-replacement services such as Viber and Whatsapp.
The operator said that it had gained 2,000 customers in the quarter and that it had 2.1 million mobile customers in Ireland with a total customer base of 2.4 million customers here, including fixed-line broadband customers.
The operator also warned of "impairment assessments" and "doubtful debts" totalling €800m which were divided between Ireland, Greece, Italy and Spain. The operator also warned of "impairment assessments" and "doubtful debts" totalling €800m divided between Ireland, Greece, Italy and Spain.
Meanwhile, the number of people using smartphones on Vodafone's network increased 4.3pc quarter on quarter.
Some 70pc of all Vodafone customers now use mobile data, according to the company.
The operator's contract customer base has increased by 11pc on the same time last year.