Vodafone Group has made a strategic leadership change by appointing Microsoft veteran Pilar López as their new Chief Financial Officer. López, with extensive experience in telecom and technology, joins Vodafone’s team, signaling the company’s commitment to integrating innovative tech insights.
Vodafone’s first quarter saw a slightly stable 3.7% growth in service revenue, boosted by outcomes in the UK, Italy, and Germany, despite the pandemic-triggered disconnections. On the contrary, Germany experienced a 1.3% dip in service revenue, which however marks an improvement from the earlier quarter’s 2.8% decline, hinting at progress. The recovery was thanks to a strategic increase in broadband prices. In Italy, the revenue plunge decelerated from 2.7% in the fourth quarter to 1.6%, thanks to mobile prepaid base stabilization and noteworthy expansion in corporate fixed-line operations.
