Form 6-K

 

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 

Report of Foreign Private Issuer

 

Pursuant to Rules 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

 

Dated July 24, 2006

 

VODAFONE GROUP

PUBLIC LIMITED COMPANY

(Exact name of registrant as specified in its charter)

 

 

VODAFONE HOUSE, THE CONNECTION, NEWBURY, BERKSHIRE, RG14 2FN, ENGLAND (Address of principal
executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F    ü

Form 40-F ____

 

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes____

No   ü

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

 

 

This Report on Form 6-K contains a news release issued by Vodafone Group Plc on July 24, 2006, entitled “VODAFONE REPORTS FIRST QUARTER KPIs ”.

 

 

24 July 2006

 

VODAFONE REPORTS FIRST QUARTER KPIs

 

Vodafone Group Plc (“Vodafone”) today announces key performance indicators for the quarter ended 30 June 2006. The main highlights are:

 

•      Good overall operating performance in challenging markets and in line with expectations

 

•      Organic growth of 6.4% for the quarter in total proportionate mobile revenue, with 1.3% growth in Europe and 13.9% in EMAPA. On a statutory basis, growth in total revenue was 9.2%, with organic mobile service revenue growth of 4.5%

 

•      4.5 million proportionate organic net additions, with a further 11.7 million from the acquisition of Telsim in Turkey. Total proportionate customer base now at 186.8 million

 

•      Continued growth in 3G in the quarter with 1.3 million 3G devices added. The total 3G device base is now 9.1 million in the Group’s subsidiaries and joint ventures and a further 2.0 million in the Group’s associates

 

•      3G Broadband through HSDPA now available in 8 of the Group’s markets

 

•      Over 7 million customers now registered for Vodafone Passport

 

•      Vodafone re-iterates its current year guidance. The Group expects organic growth for this financial year in proportionate mobile revenue in the 5% to 6.5% range. Vodafone also expects proportionate mobile EBITDA margin for this financial year to be around 1 percentage point lower than the previous financial year on an organic basis

 

Arun Sarin, Chief Executive of Vodafone, commented:

 

“This is a robust operating performance in testing markets with revenue for the quarter in line with expectations. A number of our EMAPA businesses have recorded good customer growth and whilst many markets in Europe remain highly competitive, we are on track with our revenue and cost initiatives in this region.”

 

 

Page 2 of 16

 

Group review

 

Vodafone saw continued intense competition across Europe during the quarter, particularly in some of its major markets. However, a number of businesses within the EMAPA region continue to perform very well, including Verizon Wireless in the United States and several of the Group’s emerging market operations. In order to execute against these trends, the Group recently reorganised into three principal business units: Europe, EMAPA and New Businesses.

 

Good customer growth was recorded across many of the Group’s markets during the quarter, with organic proportionate net customer additions of 4.5 million representing annualised quarterly growth in customers of 10.6%. With market penetration rates now typically over 100% in Western Europe, Vodafone is focused on stimulating additional revenue streams from existing customers.

 

Organic proportionate mobile revenue growth for the quarter was 6.4% compared with the same quarter last year. As a result, Vodafone continues to expect organic growth in proportionate mobile revenue for the full year to be in the 5% to 6.5% range. Termination rate reductions continue to affect the performance in several businesses, most notably Italy. The estimated effect is to reduce organic proportionate mobile revenue growth in the quarter by approximately 2%.

 

3G sales continue to develop in line with expectations, with 1.3 million net additions in the quarter. This brings the closing total at the end of June to 9.1 million, including 8.2 million consumer devices. 3G net additions in the quarter are over 90% higher than recorded in the same quarter last year. Data revenue growth for the Group’s mobile businesses in the quarter was 40.2% compared with the same quarter last year. In continuing to improve the service offering, 3G Broadband through HSDPA is now available in 8 of the Group’s markets bringing enhanced data speeds to customers, with an initial focus on business users.

 

Overall, these key performance indicators are in line with the Group’s expectations for the full year. The Group anticipates continued investment in customers together with ongoing operating cost management and therefore expects the full year proportionate mobile EBITDA margin to be around 1 percentage point lower than the previous financial year on an organic basis.

 

 

Page 3 of 16

 

Europe

 

The European region recorded 891,000 proportionate organic net customer additions in the quarter, bringing the total proportionate base to 94.1 million. Registered 3G devices increased by 1.2 million to 8.7 million.

 

Total revenue growth was 0.5%, with 2.0% organic growth in mobile service revenue. Service revenue growth has reduced across many markets in the quarter due to the timing of Easter. Underlying trends for service revenue, excluding the impact from changes in termination rates and seasonal effects, were similar to the quarter to March in Italy, with a slight improvement in Germany and the UK, and continued strong performance in Spain.

 

The Group’s cost initiatives remain on track. In IT application, development and maintenance, Vodafone expects to sign master service agreements with two vendors before the end of the calendar year and the consolidation of data centres is ahead of schedule. The centralisation of network supply chain management is also progressing well with benefits expected in the second half of the current financial year.

 

Germany

 

The German market remains competitive, with net customer additions of 253,000 in the quarter, increasing closing customers to 29.4 million. An additional 312,000 3G devices were registered during the quarter, taking the closing base to 2,337,000. Vodafone Germany now has 894,000 Vodafone Zuhause customers, adding 446,000 customers during the quarter.

 

Annualised blended churn for the quarter increased to 20.7% from 17.3% for the same quarter last year, mainly as a result of the increase in prepaid churn from 21.1% to 26.0% due to the disconnection of inactive customers arising from increased competition in the market.

 

Blended ARPU for the quarter was 9.0% lower than the same quarter last year due to termination rate cuts in December 2005 and higher prepaid inactivity due to competitive pressures, partially offset by strong growth in data revenue. Total voice usage increased 19.8% compared with the same quarter last year due to the success of usage stimulation initiatives.

 

 

Page 4 of 16

 

Service revenue declined 2.9% compared with the same period last year, as the increase in the customer base was more than offset by the reduction in termination rates and other factors affecting ARPU, with a decline in voice revenue of 5.1%. Excluding termination rate cuts, underlying service revenue was broadly stable when compared with the same quarter last year. Data revenue increased by 43.5% as a result of increased penetration of 3G devices and the success of data services including Mobile TV and music, with Vodafone Germany maintaining its position as the leading mobile operator for full track music downloads. Messaging revenue declined 4.7% due to the impact of increased voice, and reduced messaging, promotional activities and revised tariffs for some machine to machine services in the quarter.

 

Increased gross additions and increased investment in retention activities, targeted at higher value customers, led to net acquisition and retention costs as a percentage of service revenue being slightly higher than the same quarter last year.

 

Italy

 

The Italian market continues to be highly competitive, with Vodafone Italy registering 69,000 proportionate net customer additions in the quarter, taking the total proportionate base to 18.6 million. Closing proportionate 3G devices increased by 207,000 to 2,457,000. Vodafone Casa, a tariff option targeted at substituting fixed line voice usage for mobile, was successfully launched in the quarter with the strong take up being ahead of expectations.

 

Annualised blended churn for the quarter rose to 20.8% from 17.3% for the same quarter last year, largely driven by prepaid churn increasing from 17.5% to 21.1%. This was due to the disconnection of inactive customers driven by an increase in multiple SIMs arising from competitive pressures.

 

Blended ARPU for the quarter decreased by 9.2% compared with the same quarter last year, principally as a result of a reduction in termination rates which took effect from 1 September 2005, together with the impact from a higher level of promotional activity, a fall in activity rates as a result of competitive pressures and higher penetration. A number of promotions stimulated underlying total voice usage, which increased by 7.1% compared with the same quarter last year.

 

 

Page 5 of 16

 

Service revenue declined by 3.4% compared with the same quarter last year as the reduction in termination rates and other factors impacting ARPU more than offset growth in the customer base, with voice revenue declining by 5.9%. Excluding the termination rate cut, underlying service revenue grew by 2.3%. Messaging revenue increased by 7.3%, benefiting from the success of promotions in the quarter, and data revenue grew by 22.4%, following the increased penetration of 3G devices and data promotions.

 

Net acquisition and retention costs as a percentage of service revenue for the quarter was broadly stable compared with the same period last year, with an increase in the cost per acquisition and upgrade due to the focus on higher value customers offset by a reduction in upgrade volumes.

 

Spain

 

The Group continues to perform strongly in Spain, adding a further 428,000 customers in the current quarter. This represented growth in the closing customer base of 17.8% since 30 June 2005, increasing the total customer base to 13.9 million. A strong and successful focus on attracting contract customers led to 95.2% of the net additions in the quarter being contract customers, increasing the proportion of contract customers in the base to 51%. Vodafone also continued to be a leader in the 3G market in Spain, with an increase of 320,000 in the number of registered 3G devices to 1,222,000 in the quarter.

 

Annualised blended churn for the quarter fell by 1.2 percentage points to 20.5% compared with the same quarter last year. This resulted from a decrease in contract churn to 12.3% reflecting the success of the competitive tariffs and promotions launched during the year and increased upgrade activity. Prepaid churn was stable compared with the same quarter last year.

 

Blended ARPU for the current quarter decreased by 2.5% compared with the same quarter last year, driven by the termination rate reduction in November 2005, pricing pressures in the market and the impact of lower spending new customers. Voice usage increased by 23.5% compared with the same quarter last year assisted by new tariffs and promotions launched during the year and the higher average customer base.

 

Service revenue grew by 15.1% compared with the same quarter last year, primarily due to the growth in the customer base, partially offset by the impact of termination rate reductions. Excluding the termination rate cut,

 

 

Page 6 of 16

 

underlying service revenue grew by 17.3%. Voice revenue increased by 12.5% compared with the same quarter last year with increased voice usage offset by lower ARPU. Messaging revenue grew by 14.6% reflecting the higher average customer base and data revenue increased by 62.8%, which benefited from specific promotions and the increased 3G customer base.

 

Net acquisition and retention costs as a percentage of service revenue increased in the quarter compared with the same quarter last year due to the increased level of contract additions.

 

UK

 

The UK market continues to be extremely competitive, with Vodafone experiencing a decline in the customer base of 119,000 in the current quarter. This comprised 29,000 net additions for contract customers and a decline in prepaid customers of 148,000. Registered 3G devices increased by 18.9% during the quarter to a closing base of 1,228,000.

 

Annualised blended churn for the quarter has remained stable compared with the same quarter in the previous year at 32.8%. Contract churn has fallen by 3.1 percentage points to 20.1% due to customer relationship management activities and an increasing proportion of customers signing up for 18 month contracts. Prepaid churn increased, primarily as a result of the impact of customer self-upgrades.

 

Blended ARPU for the quarter decreased by 3.7% compared with the same quarter last year, driven primarily by higher inactivity rates in prepaid and lower voice ARPU, partially offset by increased data ARPU. The lower voice ARPU was driven by the launch of promotions and propositions such as Stop the Clock, which successfully contributed to voice usage growth of 5.8%.

 

Service revenue growth was 1.3% compared with the same quarter last year. This was achieved mainly by increases in the average customer base and data revenue, offset by lower voice ARPU. Voice revenue declined very slightly compared to the same quarter last year as a result of lower voice ARPU, partially compensated for by the increased average customer base. Messaging revenue increased 6.6% following the increase in the average customer base and the uptake of messaging add-on bundles. Data revenue increased by 16.7% compared with

 

 

Page 7 of 16

 

the same quarter last year, resulting from the increase in 3G registered devices and related services, particularly for business customers where Vodafone continues to demonstrate clear market leadership.

 

On 1 July, the UK enhanced the competitiveness of its prepaid service with the launch of its Free Weekends offer, which rewards higher than average voice and text usage.

 

Net acquisition and retention costs as a percentage of service revenue fell this quarter compared with the same quarter last year, due to fewer gross additions generated at lower unit costs and fewer upgrades.

 

Other European Operations

 

The Group’s other European subsidiaries added 260,000 proportionate net additions, including 162,000 in Greece. Service revenue increased by 8.0% in Greece and 5.8% in Portugal compared with the same quarter last year, with stable service revenue in Ireland and a 2.0% decline in the Netherlands due to competitive pressures. The Group’s other European subsidiaries represent approximately 14% of Group total revenue for the quarter ended 30 June 2006.

 

EMAPA

 

Vodafone’s emerging market operations continue to perform well with strong performance in Romania, Egypt and South Africa.

 

Organic proportionate net additions of 3,647,000 were recorded for the EMAPA region, representing annualised quarterly growth in customers of 18.9%, with a further 11.7 million added through the acquisition of Telsim in Turkey. The total proportionate base increased to 92.7 million by the end of June, representing 49.6% of the Group’s total proportionate base.

 

Total revenue growth was 62.2%, with 19.7% organic growth in mobile service revenue.

 

 

Page 8 of 16

 

Subsidiaries

 

The Group’s EMAPA subsidiaries added 974,000 net proportionate organic customers in the quarter. Strong performances were recorded in Egypt and Romania. The Group’s newly acquired operation in Turkey has performed ahead of expectations since December and has registered 381,000 net additions in the period from acquisition on 24 May 2006 to the end of June.

 

Organic mobile service revenue growth for the quarter was 20.6% compared with the same quarter last year.

 

In Egypt, service revenue increased by 38.6% driven by strong customer growth. Blended ARPU has decreased primarily due to a greater proportion of prepaid customers in the base.

 

Service revenue growth of 31.7% in Romania and 16.7% in Australia was principally driven by an increase in the average customer base compared to the same quarter last year.  ARPU also improved in these countries compared with the same quarter last year due to a focus on higher value customers in Australia and higher prepaid ARPU in Romania due to increased data usage.

 

In the Czech Republic, where market penetration is over 100%, Vodafone’s closing customer base is 16% higher than a year ago with ARPU only slightly lower due to continued focus on contract customers. Service revenue was broadly stable compared to the same quarter last year in New Zealand, due to the impact of increased competition and significant reductions in termination rates.

 

Joint Ventures

 

The Group’s other joint ventures in the EMAPA region reported 1,377,000 proportionate organic net customer additions in the quarter with 761,000 proportionate net additions from Vodacom, the Group’s joint venture in South Africa.

 

Organic mobile service revenue growth for the quarter was 18.4% compared with the same quarter last year, including growth of 19.8% in South Africa driven by strong customer growth. The Group’s joint venture in India, Bharti Airtel, will report results for the quarter to June on 26 July.

 

 

Page 9 of 16

 

Associates and investments

 

The Group’s associates and investments added 1,296,000 proportionate organic customers in the quarter.

 

Verizon Wireless registered net additions of over 1.8 million in the quarter with the Group’s proportionate share at 807,000. Verizon Communications will be reporting its interim results and those of Verizon Wireless on 1 August. Vivendi will be reporting its first half 2006 revenue and those of SFR on 27 July and interim results on 7 September.

 

New Businesses

 

In its presentation to investors and analysts on 30 May, the Group outlined its plans for developing new and additional revenue streams, particularly in its more mature markets where penetration is already over 100%. The New Businesses unit was, therefore, established to deliver new communications services to customers that address the converging areas of mobile, broadband and the internet. The Group’s initial focus in this area is on extending Vodafone’s service offerings in the home and at the office to meet customers growing voice and broadband needs, including the provision of DSL, through a mobile centric approach.

 

The first market to launch home based services was Germany through its Vodafone Zuhause proposition. With 894,000 registered customers by the end of June, Vodafone Germany is in the process of adding DSL as a complementary service. The second key market to offer home based services is Italy, which launched Vodafone Casa in May and initial take up has been strong.

 

The Group expects to begin to offer similar services in the majority of its European markets during this financial year and several announcements are planned for the months ahead.

 

- ends -

 

For further information:

 

Vodafone Group
INVESTOR RELATIONS	MEDIA RELATIONS
Telephone: +44 (0) 1635 664447	Telephone: +44 (0) 1635 664444

 

 

Page 10 of 16

 

Notes to editors:

 

1.     The Group’s outlook for the financial year ending 31 March 2007 is contained in Vodafone’s preliminary results announcement for the year ended 31 March 2006. This press release contains forward-looking statements which are subject to risks and uncertainties because they relate to future events. Some of the factors which may cause actual results to differ from these forward-looking statements can be found by referring to the information contained under the headings “Cautionary Statement Regarding Forward-Looking Statements” and “Risk Factors” in Vodafone Group Plc’s Annual Report for the year ended 31 March 2006. The Annual Report can be found on our website (www.vodafone.com).

 

2.     At the country level, service revenue growth is calculated in local currency and before the elimination of intercompany revenue. For Romania and South Africa, this calculation also assumes the Group’s increased equity interest is reflected in the whole of the current quarter and the same quarter last year. The basis of calculation for organic growth is included in the Group’s Annual Report for the year ended 31 March 2006.

 

3.     Certain revenue relating to content delivered by SMS and MMS has been reclassified from messaging revenue to data revenue. All prior period results have been adjusted accordingly.

 

4.     Vodafone, Vodafone live!, Vodafone Zuhause, Vodafone Casa and Stop the Clock are trademarks of the Vodafone Group.

 

5.     References in this press release to “June” and “March” shall, unless the context requires otherwise, be deemed to be references to 30 June 2006 and 31 March 2006 respectively.

 

6.     In April 2006, the Group announced changes to the organisational structure of its operations, effective from 1 May 2006. The results above are presented in accordance with this new organisation structure and all prior period results have been restated accordingly.

 

 

KEY PERFORMANCE INDICATORS

MOBILE TELECOMMUNICATIONS BUSINESSES

 

PROPORTIONATE CUSTOMERS – 1 APRIL 2006 TO 30 JUNE 2006

 

	COUNTRY		PERCENTAGE OWNERSHIP(1)		AT 31 MARCH 2006		NET ADDITIONS		OTHER MOVEMENTS(2)		AT 30 JUNE 2006		PREPAID(3)
			(%)		(‘000s)		(‘000s)		(‘000s)		(‘000s)		(%)
	Europe:
	Germany		100.0%		29,191		253		-		29,444		53.4
	Italy		76.9%		18,490		69		-		18.559		92.1
	Spain		100.0%		13,521		428		-		13,949		49.0
	UK		100.0%		16,304		(119	)	-		16,185		60.6
	Albania		99.9%		772		19		-		791		96.8
	Greece		99.9%		4,471		162		3		4,636		67.2
	Ireland		100.0%		2,075		15		-		2,090		73.9
	Malta		100.0%		175		2		-		177		89.7
	Netherlands		99.9%		3,909		(28	)	-		3,881		51.8
	Portugal		100.0%		4,276		90		-		4,366		79.6
	Total Europe				93,184		891		3		94,078		65.9
	EMAPA:(4)
	Subsidiaries:
	Australia		100.0%		3,177		(37	)	-		3,140		73.6
	Czech Republic		100.0%		2,214		49		-		2,263		47.0
	Egypt		50.1%		3,314		237		-		3,551		90.8
	Hungary		100.0%		2,063		(39	)	-		2,024		66.6
	New Zealand		100.0%		2,068		32		-		2,100		77.1
	Romania		100.0%		6,384		351		-		6,735		65.9
	Turkey		100.0%		-		381		11,665		12,046		89.9
					19,220		974		11,665		31,859		79.2
	Joint Ventures:
	South Africa(5)		50.0%		10,968		761		25		11,754		89.7
	Other				5,357		616		-		5,973		78.8
					16,325		1,377		25		17,727		83.1
	Affiliates:
	United States(5)		44.4%		23,530		807		4		24,341		5.5
	Other				18,312		489		-		18,801		74.0
	Total				41,842		1,296		4		43,142		63.4
	Total EMAPA				77,387		3,647		11,694		92,728		67.4
	Total				170,571		4,538		11,697		186,806		67.1

 

 

(1)   All ownership percentages are stated as at 30 June 2006 and exclude options, warrants or other rights or obligations of the Group to increase or decrease ownership in any venture with the exception of India, where the Group’s 10% economic interest represents a 5.6% direct interest in Bharti Airtel Limited and a subscription for convertible debentures in Bharti Enterprises Private Limited, representing a 4.4% indirect economic interest in Bharti Airtel Limited. Ownership interests have been rounded to the nearest tenth of one percent.

(2)   Other movements for the quarter to 30 June 2006 represent the acquisition of minority interests in Vodafone Greece, Vodafone Albania, the acquisition of substantially all the assets and business of Telsim Mobil Telekomunikasyon Hizmetleri in Turkey and the indirect acquisition of a 0.1% interest in Vodacom Group (Pty) Limited in South Africa.

(3)   Prepaid customer percentages are calculated on a venture basis. At 30 June 2006, there were 553.0 million venture customers.

(4)   EMAPA covers Eastern Europe, Middle East, Africa, Asia Pacific and Affiliates.

(5)   Customers in South Africa refers to the Group’s interests in Vodacom Group (Pty) Limited and includes customers in South Africa, the Democratic Republic of Congo, Lesotho, Mozambique and Tanzania. Net additions for the quarter to 30 June 2006 includes 0.2 million proportionate customer disconnections in South Africa during the period resulting from a change in the definition of an active customer to exclude calls forwarded to voicemail from the definition of a revenue generating activity.

(6)   The Group’s ownership interest in Verizon Wireless is 45.0%. However, the Group’s proportionate customer base has been adjusted for Verizon Wireless’s proportionate ownership of its customer base across all its network interests of approximately 98.6% at 30 June 2006. In the absence of acquired interests, this proportionate ownership will vary slightly from quarter to quarter depending on the underlying mix of net additions across each of these networks.

 

Page 11 of 16

 

KEY PERFORMANCE INDICATORS

MOBILE TELECOMMUNICATIONS BUSINESSES

 

VODAFONE LIVE! ACTIVE DEVICES

 

	COUNTRY		AT 31 MARCH 2006		NET ADDITIONS		AT 30 JUNE 2006
			(‘000s)		(‘000s)		(‘000s)
	Europe:
	Germany		6,214		(20	)	6,194
	Italy(1)		4,097		246		4,343
	Spain		5,514		537		6,051
	UK		4,181		195		4,376
	Other		4,229		404		4,633
	Total Europe		24,235		1,362		25,597
	Total EMAPA		2,835		761		3,596
	Group Statutory Total(2)		27,070		2,123		29,193

 

(1)   Under IFRS, Vodafone Italy is treated as a joint venture. The figures in the table above represent the Group’s share of Vodafone live! active devices.

 

(2)   The table above only includes Vodafone live! customers in the Group’s subsidiary and joint venture undertakings. At 30 June 2006 there were an additional 6.5 million registered Vodafone live! venture customers in the Group’s associated undertakings.

 

 

3G DEVICES

 

 

	COUNTRY		AT 31 MARCH 2006		NET ADDITIONS		AT 30 JUNE 2006
			(‘000s)		(‘000s)		(‘000s)
	Europe:
	Germany		2,025		312		2,337
	Italy(1)		2,250		207		2,457
	Spain		902		320		1,222
	UK		1,033		195		1,228
	Other		1,230		176		1,406
	Total Europe		7,440		1,210		8,650
	Total EMAPA		281		120		401
	Group Statutory Total(2)		7,721		1,330		9,051
	Consumer devices		7,061		1,178		8,239
	Business devices		660		152		812
			7,721		1,330		9,051

 

 

(1)   Under IFRS, Vodafone Italy is treated as a joint venture. The figures in the table above represent the Group’s share of 3G devices.

 

(2)   The table above only includes 3G devices in the Group’s subsidiary and joint venture undertakings. At 30 June 2006 there were an additional 2.0 million Vodafone live!  with 3G and Vodafone Mobile Connect 3G/GPRS data card devices in the Group’s associated undertakings.

 

Page 12 of 16

 

 

KEY PERFORMANCE INDICATORS

MOBILE TELECOMMUNICATIONS BUSINESSES

 

AVERAGE MONTHLY REVENUE PER USER IN THE QUARTER

 

COUNTRY				30 JUNE 2005		30 SEPTEMBER 2005		31 DECEMBER 2005		31 MARCH 2006		30 JUNE 2006
Europe:
Germany		Total		24.3		24.4		22.9		21.5		22.1
(EUR)		Contract		39.8		41.0		38.8		37.2		38.4
		Prepaid		9.2		9.0		8.3		7.5		7.6
Italy		Total		30.4		29.9		27.7		26.4		27.6
(EUR)		Contract		79.4		75.0		73.7		71.0		72.6
		Prepaid		25.8		25.9		23.5		22.2		23.3
Spain		Total		36.2		37.7		35.3		33.3		35.3
(EUR)		Contract		58.5		60.7		56.3		52.8		54.8
		Prepaid		15.4		16.2		15.0		13.9		15.0
UK		Total		24.6		25.1		23.8		22.7		23.7
(GBP)		Contract		46.5		47.9		44.8		43.9		45.2
		Prepaid		9.5		9.9		9.5		8.8		8.9
Albania		Total		2,255		2,534		2,259		2,098		2,122
(ALL)		Contract		18,783		19,815		18,499		16,777		17,240
		Prepaid		1,680		1,936		1,701		1,593		1,606
Greece		Total		32.2		34.2		31.3		29.8		31.1
(EUR)		Contract		65.1		69.7		64.2		61.5		65.6
		Prepaid		15.1		15.7		14.1		13.4		13.7
Ireland		Total		51.4		53.1		50.2		48.6		48.8
(EUR)		Contract		101.9		107.8		99.9		99.3		102.8
		Prepaid		32.1		32.6		31.6		30.0		29.3
Malta		Total		14.0		16.2		13.0		12.1		14.7
(MTL)		Contract		74.6		91.4		61.8		54.4		72.3
		Prepaid		7.4		7.8		7.3		6.9		7.4
Netherlands		Total		37.1		36.6		34.5		33.6		35.7
(EUR)		Contract		69.5		68.6		64.7		61.3		63.5
		Prepaid		11.3		11.0		9.8		9.2		10.1
Portugal		Total		26.4		27.1		24.0		23.3		23.5
(EUR)		Contract		67.3		69.8		61.9		62.4		62.2
		Prepaid		14.3		14.7		13.4		12.9		13.0
EMAPA Subsidiaries(1):
Australia		Total		47.8		48.2		51.4		47.9		49.4
(AUD)		Contract		92.8		93.6		94.3		92.0		92.7
		Prepaid		26.7		31.1		35.0		32.0		33.9
Czech Republic		Total		680		679		679		644		674
(CZK)		Contract		1,029		1,017		1,015		951		978
		Prepaid		340		342		337		311		331
Egypt		Total		91.4		89.4		74.1		79.0		79.4
(EGP)		Contract		268.6		283.9		274.1		289.3		292.1
		Prepaid		60.7		62.4		52.0		56.0		57.1
Hungary		Total		5,321		5,153		4,885		4,647		5,066
(HUF)		Contract		11,302		11,264		9,666		8,809		9,129
		Prepaid		3,391		3,046		3,043		2,887		3,125
New Zealand		Total		50.7		51.0		51.2		51.2		46.6
(NZD)		Contract		138.9		139.7		137.2		138.5		126.1
		Prepaid		25.9		25.6		25.9		25.7		23.2
Romania		Total		14.9		15.9		15.4		13.9		15.2
(USD)		Contract		30.2		31.1		29.5		27.0		29.5
		Prepaid		6.3		7.1		7.0		6.0		6.7

 

(1)   On 24 May 2006 the Group acquired substantially all the assets and business of Telsim Mobil Telekomunikasyon Hizmetleri in Turkey. As a result, the Group expects to report Turkey’s average monthly revenue per user in the quarter with effect from the quarter ended 30 September 2006.

 

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