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Lisboa, 16th of November 2021

Vodafone Portugal maintains upward trend during Q2

  • Service Revenue increased 6.4%* in Q2 2021-2022
  • Total number of broadband customers reached 847 thousand at the end of September (9.0%* YoY).
  • FTTH deployment reached 4.0 million homes and businesses

During the second quarter of the fiscal year 2021-2022, from July to September, Vodafone Portugal sustained the growth pace of Service Revenue – the main business indicator – which reflects a good performance in fixed and mobile customer bases.

Service Revenue reached 271 million euros, which represents a growth rate of 6.4%* considering the same period last year, with Total Revenue increasing by the same % (6.4%*), to 296 million euros.

Considering the six-monthly review, between April and September, Service Revenue reached 529 million euros (+6.9%* YoY), while Total Revenue grew 7.4%* on an annual basis to 577 million euros, due to both Mobile and Fixed lines growth, mostly driven by customer base increase.

The performance achieved in Q2 shows the stability in the mobile business, driven by the seasonality of summer period, as well as by the increase of mobile data usage and the maintenance of a sustained growth in the fixed business.

During the same quarter, the total broadband customer base increased 9.0% YoY reaching 847 thousand and TV customer base grew 9.3% on an annual basis to 780 thousand of customers. This evolution reflects the success of Vodafone´s business diversification strategy, in a competitive convergence environment. 

In this context, Vodafone Portugal is effectively expanding its footprint in fiber network across all country. At the end of Q2, Vodafone´s next generation FTTH network reached 4.0 million homes and businesses (+11.0% YoY).

Second quarter results were also driven by the good performance of mobile business. When compared to the same period of the last year, the roaming, visitor and prepaid revenues increased significantly and, consequently, had a positive impact on the evolution of the main business indicator. Number of mobile customer base reached 4.688 million customers, which represents a slight increase of 1.7% when compared with September 2020.

The results presented today reflect a trajectory of growth that reinforces our commitment to continuing a service delivery strategy focused on our Customers. They are an extra motivation for the entire team of employees and partners who are committed to helping Customers make the most of our technology. The recognition of our efforts by our Clients is a clear result of many market studies of which our presence, as the only telecommunications brand, in the top 20 of the most admired brands in Portugal is a recent example.

Aware of the responsibility that comes from the fact that we are an admired brand and the leadership that we have always shown in providing the best technology at the service of Portuguese Companies and Consumers, Vodafone has invested significantly in 5G spectrum’s acquisition. This investment, together with the experience we have added from other European markets where the Company has already launched these services and the work carried out locally in recent years – to have the network prepared for its launch in Portugal – allows us to be certain that we will continue to make an important contribution for the Country in boosting the competitiveness of Companies and improving the quality of life of Portuguese people”, says Mário Vaz, CEO of Vodafone Portugal.

Reinforcing its role as a leader in innovation and pioneering of solutions with IoT technology for the consumer segment, Vodafone Portugal achieved another important milestone with Neo – the advanced smartwatch for kids that gives them independence as they take their first steps into the digital world, but which also helps parents stay connected.

During the same period Vodafone added Facebook Watch, a new entertainment and engaging content that enable Vodafone TV subscribers to discover and connect with the videos they love, opening up one of the world’s largest libraries of scripted and unscripted content,  becoming the first pay-TV operator in the region to offer the service on its set-top boxes.


Note to editor: Amounts marked with an "*" represent organic growth.