According to reports, for the second quarter, Vodafone, a telecom operator has experienced a 3.5% increase in revenues to $18.8 billion, though the company does not release its quarterly profit figures.

Also, India and Turkey is said to be at +16,8% and +13.1% respectively, along with Vodacom at +7.8%, which represented a major service revenue growth , while at +0.2% Germany and UK at +1.7% added to Vodafone’s strong performance.

Vittorio Colao, Chief Executive stated: “They have made a good start to the year in view of the robust results despite challenging macroeconomic conditions across southern European economies and the impact of cuts to mobile termination rates”.

However, the revenue from their top focus areas of data, enterprise and emerging markets still grows strongly, as Vodafone’s presence all over a ‘broad geographical mix’, in order to improving market positions, is said to hold them in a good position for the remaining financial year.

Moreover, Vodafone, the world’s largest mobile phone company, had its capital expenditure at $1.95 billion, representing an increase of $326.12 million yearly, which is majorly owing to ‘LTE investment in Germany and network enhancements in Vodacom’. It exceeded expectations as the service revenue grew for the fiscal first quarter as demand for phones that can browse the Web boosted data sales.