Vodafone Business spotlights enterprise revenue, IoT growth, and segment gaps
Vodafone’s investor day provided details on Vodafone Business, which generated £1.85 billion in service revenue in 2025/26, about 27% of VodafoneThree’s total. The unit has 6.5 million mobile connections and 15.3 million IoT connections, adds 11,500 IoT connections daily, and saw SaaS service revenue grow 41%. Its customer mix spans SoHo, SME, larger private enterprises, and the public sector, with growth headroom identified in SME and public-sector accounts.
Vodafone Business recorded £1.85bn in service revenue for 2025/26, roughly 27% of VodafoneThree’s total. It serves 6.5m mobile and 15.3m IoT connections, adding 11,500 IoT links daily, while SaaS service revenue rose 41%.
Its revenue mix includes SoHo 27%, SME 23%, larger private firms 31%, and public sector 19%. Mobile accounts for half of service revenue; fixed 26%, cloud 8%, security 7%, digital comms 7%, IoT 6%. Management sees room to expand in SME and public-sector accounts.
Businesses and public-sector organizations may gain more choice in connectivity, IoT, cloud, security, and fixed services as Vodafone Business targets SME and public-sector gaps. Employees and citizens could see changes in service delivery if public bodies adopt more connected tools, though benefits may depend on affordability, coverage, and procurement. Competition with BT/EE and VMO2 could influence pricing and innovation, but outcomes remain uncertain.