Vodafone’s growth slows as Germany goes into reverse

LONDON: Vodafone reported a slow down in top-line growth on Thursday, ending four quarters of accelerating improvement, after law changes related to selling TV services in Germany caused its largest market to go into reverse.

The European and African mobile operator said the decline in Germany was expected and it was sticking to its guidance for the full year. Service revenue rose 5.4% in the first quarter.