Cut-throat competition in India and an onslaught from rivals in its home market prompted Britain's Vodafone to nudge its full-year earnings guidance down on Thursday sending its share price lower. Overall, service revenue in Europe grew by 0.7 per cent in its third quarter, down from 1 per cent in the second quarter. In its emerging markets -- including India, Africa and Turkey -- growth slowed to 3.9 per cent from 7.1 per cent. Vodafone reported a 1.7 per cent rise in overall organic service revenue for the quarter, broadly in line with analyst expectations. Also Read: Service so bad, Amitabh Bachchan burns Vodafone on Twitter"The effective cut to EBITDA guidance looks realistic but will raise questions about full-year 2018 trajectory."

Source: India Today February 02, 2017 11:03 UTC