Vodafone 4Q06 results
Vodafone reported solid FY3Q with almost 200m proportionate subscribers (+3.5%), of which 111m in Europe (+3.8%). The number of 3G devices increased to 13.6m, up 22.5% on Sept. 06. ARPU, however, continues to erode in almost all countries. Non-voice services continue to account for an increased share of revenues. Non-voices services accounts now for 18.9% on average, up 1 point from Sept. 06. Vodafone did not publish financial results for the quarter or the 9-mo results. We will have to wait until April 07.