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Evening Standard
Evening Standard
Business
Simon Hunt

Vodafone braced to lose more than 4 million customers in Germany amid regulatory change to contracts

Vodafone today said it was set to lose more than 4 million customers in Germany as the telecoms giant prepared for a 400 million euro (£340 million) knock from regulatory change in its biggest market.

The Paddington-based business said it anticipated it would only retain about half of its 8.5 million TV customers based in multi-dwelling units following new laws on those contracts which come into effect in July. The customers are currently worth around 800 million euros annually to the business.

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