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John Paulson Adds to Merger Bet by Raising Stakes in Vodafone, T-Mobile US
2013-11-15 08:21:09| Air Courier - Topix.net
Paulson & Co., the $18 billion hedge-fund firm run by billionaire John Paulson, increased its stake in Vodafone Group Plc in a bet the phone company may be a takeover target.
Vodafone bolsters investment spending
2013-11-12 13:59:26| IT Services - Topix.net
The British company said Tuesday it is investing 7 billion pounds over two years.
Tags: investment
spending
vodafone
bolsters
Vodafone to invest 7 billion pounds as trading slumps
2013-11-12 09:10:04| Telecom - Topix.net
The world's second-largest mobile operator, which agreed a deal in September to sell its U.S. arm to Verizon Communications for $130 billion, said it would spend 7 billion pounds by March 2016 to improve its networks in a bid to set it apart from rivals.
Tags: trading
billion
pounds
invest
Vodafone profits in 'tough' trading
2013-11-12 09:04:10| BBC News | Business | UK Edition
Vodafone reports a half-year pre-tax profit of 1.5bn ($2.4bn) as it says trading in Europe remained "very tough at present".
Tags: trading
tough
profits
vodafone
Vodafone to raise investment as revenue fall continues
2013-11-12 08:49:00| Telecompaper Headlines
(Telecompaper) Vodafone announced plans to increase investment in an attempt to turn around the continued fall in revenues in Europe. The mobile operator increased the budget for its Project Spring to GBP 7 billion by March 2016, from 5 billion previously, saying it hopes the investment in networks will help differentiate its services. Revenues for the fiscal first half were up 2.5 percent year-on-year to GBP 19.06 billion, thanks to the acquisitions of CWW and TelstraClear. Profit for the period from continuing operations increased by GBP 20.0 billion to GBP 15.7 billion, primarily due to a tax benefit of GBP 14.7 billion in the current period and an impairment charge of GBP 5.9 billion in the prior period. However, organic service revenues fell 4.2 percent to GBP 20.04 billion. In south Europe, revenues fell 14.9 percent to GBP 4.48 billion, and north and central Europe revenues were down 3.9 percent to GBP 9.47 billion. The Africa, Middle East and Asia operations grew by 5.8 percent to GBP 5.89 billion. Adjusted operating profit fell 8.3 percent to GBP 5.709 billion, already meeting the group's full-year target of around GBP 5 billion. The outlook takes account of the planned sale of Verizon Wireless, expected to be completed in early 2014. Vodafone also maintained its outlook for annual free cash flow of around 4.5-5.0 billion, after GBP 2.02 billion in the first six months of the year. The operator increased its interim dividend by 8 percent to 3.53 pence per share and pledged the same increase in the final dividend.
Tags: fall
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