The recent spate of financial reports for European-headquartered telcos, while not groundbreaking, show some promising signs for the turnaround plans at some of these companies. Vodafone and Orange in particular, saw strong growth from non-European markets. Vodafone Group reported a 2.8% year-on-year increase in revenues for the first quarter of fiscal year 2025, which ended on June 30th. The figure grew to €9 billion. Strong revenue growth in Africa and Turkey made up for a slowdown in Europe and falling sales in Germany. Promisingly, service revenue grew 3.2% to €7.5 billion, although CEO Margherita Della Valle warned that service revenues from Germany would fall because of expected changes in TV laws. In Germany, which accounts for 37% of group service sales, total…