Earnings watch: Vodafone Egypt 3Q2017 results

Service revenues from Vodafone Group’s Egyptian operations rose 18.8% y-o-y in 3Q2017, “with successful segmented campaigns and rising data penetration supporting higher [average revenue per user], combined with strong customer base growth,” according to a company statement (pdf). Vodafone Group’s total revenue dropped 3.6% y-o-y to EUR 11.8 bn during the quarter, down from EUR 12.2 bn in 3Q2016.