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Vodafone grows for first time since 2008

2016-05-17 10:06:36| BBC News | Business | UK Edition

Mobile phone giant Vodafone says its underlying business is now growing for the first time since 2008, helped by a revival in Europe.

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Vodafone organic growth accelerates to 2.5% in Q4

2016-05-17 08:13:00| Telecompaper Headlines

(Telecompaper) Vodafone reported a drop in results for its fiscal year to March, but said underlying trends in revenue and profit were improving. Group revenue for the year dropped 3.0 percent to GBP 41.0 billion, hurt by foreign exchange rate movements, and EBITDA was down 2.5 percent to GBP 11.6 billion. On an organic basis, service revenue returned to growth of 1.5 percent, with a gradual improvement over the year to growth of 2.5 percent in the final quarter. Europe recovered to organic service revenue growth of 0.5 percent in Q4, and growth in Africa, Middle East and Asia Pacific (AMAP) accelerated to 8.1 percent in the quarter. Adjusted operating profit fell by 11.1 percent to GBP 3.1 billion for the year, due to the increase in depreciation and amortisation resulting from the Project Spring investment programme. 

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Vodafone returns to underlying growth

2016-05-17 02:00:00| Total Telecom industry news

U.K.-based telco giant reports organic revenue improvement for first time since 2008 as Project Spring starts to pay off.

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Vodafone UK now offers free roaming to 40 countries

2016-05-06 02:00:00| Total Telecom industry news

UK operator includes up to 4 GB of data in inclusive roaming bundles as well as unlimited calls and texts.

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Vodafone said to select banks for India IPO

2016-05-03 02:00:00| Total Telecom industry news

Deutsche Bank, HSBC, UBS reportedly among six banks chosen for 2.1 billion offering.

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