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Vodafone confirms no 4G until September as it waits for the iPhone 6

2013-05-23 07:28:48| Telecom - Topix.net

TELECOMS FIRM Vodafone will not launch its 4G services until "late summer", but will not comment on whether that's down to an Apple iPhone release.

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Vodafone keeps Verizon payout to make up for European slump

2013-05-21 16:08:55| IT Services - Topix.net

Vodafone will reinvest a $3.2 billion dividend from its healthy U.S. arm to counter weakness in southern Europe that contributed to the largest ever quarterly fall in the group's main revenue measure.

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Vodafone says annual profit slumps on eurozone woes

2013-05-21 12:24:27| Telecom - Topix.net

British mobile phone giant Vodafone said on Tuesday that annual net profit plunged 90 per cent after it took a vast 7.7-billion pounds impairment charge relating to its businesses in debt-laden Eurozone nations Italy and Spain.

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Vodafone sales hit by European slump

2013-05-21 09:27:14| BBC News | Business | UK Edition

Vodafone's full-year sales slip for the first time in eight years as tough economic conditions in Europe take their toll on customers.

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Vodafone forecasts further growth in operating profit

2013-05-21 08:53:00| Telecompaper Headlines

(Telecompaper) Vodafone Group reported a small rise in annual adjusted profit, in line with its outlook, and forecast further growth in the current financial year. Adjusted operating profit for the year to 31 March rose 3.7 percent to GBP 11.96 billion, and the mobile operator expects this to grow this year to GBP 12.0-12.8 billion. Revenues were still down 4.2 percent in the past year to GBP 44.45 billion; in the most recent quarter, organic service revenues fell 4.2 percent. Net profit plunged to GBP 673 million from GBP 7.00 billion a year earlier due to GBP 7.7 billion in impairment charges on its operations in Italy and Spain, including GBP 1.8 billion in the second half of the year. Free cash flow fell 8.1 percent to GBP 5.61 billion, but Vodafone increased its dividend 7 percent to 10.19 pence per share. Cash flow in the current year is expected to reach GBP 7.0 billion, including 2.1 billion from Verizon Wireless expected in June.

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