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Tuesday, November 9, 2010

Vodafone announces six-monthly results and a strategy update

VodafoneVodafone's financial results for the first half of the current financial year show group revenue up 3.9% year-on-year to £22.6 billion, with adjusted operating profit up by 2.7% to £6.1 billion.

The company also unveiled a new strategy with the aim of "creating a more valuable Vodafone". Its growth strategy will be focused on Europe, Africa and India in the following areas:
• Mobile data: accelerate exploitation of mobile data growth opportunity
• Enterprise: selective expansion in growth segments
• Emerging markets: drive penetration and data across attractive footprint
• Total Communications in Europe: continued capital efficient approach
• New services: growth opportunities including machine-to-machine and financial services

In addition, the company will:
• continue to drive benefits from the Group’s scale advantage and cost focus
• seek to generate free cash flow or liquidity from non-controlled assets and investments (building on today's SoftBank announcement)
• ensure that any investment and corporate activity will enhance shareholder returns.

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Opinion Articles

Maybe mobile phone tariffs aren't a rip-off after all

Mark Bridge writes:

Oh, those nasty mobile networks. They're robbing us blind… at least, that's what you might think if you've been reading the headlines this week.

Mobile users 'overpaying by £200', said the BBC. £5bn 'wasted' on mobile phone bills, said the Financial Times. It's the wrong tariff, Gromit!, said Telecom TV after hitting the Wensleydale.

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The latest victim of mobile phones: Cisco's Flip video camera

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Mobile phones are vicious creatures. First they delivered a mortal blow to landline phones.

Emboldened, they began roaming the world looking for victims. They found plenty.

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This week at The Fonecast: 9th April 2011

Mark Bridge writes:

We head into the weekend with the News of the World admitting voicemail hacking was more widespread than previously thought. Mobile networks had already made it much harder to access voicemail remotely… and now the NotW is saying sorry and preparing to pay compensation.

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Demolition Man, meet the Apple iAd Gallery

Mark Bridge writes:

We all have guilty pleasures. One of mine is the sci-fi film Demolition Man. Sylvester Stallone is 20th-century police sergeant John Spartan, who finds himself fighting crime in 2032 alongside the delightful Lieutenant Lenina Huxley, played by Sandra Bullock.

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This week at The Fonecast: 3rd April 2011

Mark Bridge writes:

Welcome to this week's news summary from TheFonecast.com.

In Wednesday's podcast Iain joked that we ought to have a regular Olympics news story because everyone else was talking about the event constantly. Well, following the headlines about introducing WiFi to tube stations in time for London 2012 comes another Olympic news story.

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