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Deutsche Bank Reiterates Buy Rating for Vodafone Group plc
2013-07-20 18:25:04| Telecom - Topix.net
's stock had its "buy" rating reiterated by equities research analysts at Deutsche Bank in a research note issued to investors on Friday, Stock Ratings Network.com reports.
Vodafone is feeling pinch after punters tighten belts
2013-07-20 14:20:30| Telecom - Topix.net
Vodafone today warned cut-throat competition and weak consumer confidence are hitting its UK operation as revenues tumbled in a sign that economic conditions remain tough.
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Vodafone Hit By Declines Across Europe
2013-07-19 10:58:14| Telecom - Topix.net
Vodafone said conditions in Europe remain "challenging", with its revenue in Italy down 17.6%, Spain down 10.6% and other southern European markets down 13.6%.
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Vodafone revenue hit by Europe woes
2013-07-19 09:37:46| BBC News | Business | UK Edition
Vodafone reports a fall in underlying revenues as growing competition and the economic downturn in Europe hits trading.
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vodafone
Vodafone quarterly service revenues fall 3.5%
2013-07-19 09:00:00| Telecompaper Headlines
(Telecompaper) Vodafone reported a continued decline in underlying service revenues in its fiscal first quarter to June, as the slowdown in southern Europe started to move to its northern Europe operations as well. Total service revenues for the quarter were up 2.5 percent to GBP 10.155 billion, helped by a strong contribution from Verizon Wireless in the US and positive currency effects. However, on an organic basis, service revenues were down 3.5 percent from a year earlier, as a 3.0 percent drop in north Europe and 14.4 percent decline in south Europe could not be offset by 5.9 percent growth in Africa, Asia and the Middle East. Capex increased 6.9 percent from a year earlier to GBP 1.193 billion, and free cash flow rose 2.7 percent to GBP 968 million. Despite the competitive and regulatory pressure in Europe, Vodafone said growth was accelerating in emerging markets and it was making progress on strategic initiatives such as 4G and the planned takeover of Kabel Deutschland. Over 5 million customers are now using its new Red plans, which helped drive a 9 percent organic increase in in-bundle revenues in the quarter. The operator maintained its outlook for the full year for a small rise in adjusted operating profit and stable capex.
Tags: service
fall
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revenues
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