News Articles

Tuesday, May 19, 2009

Vodafone commits to faster cost-cutting

Vodafone’s annual results show group revenue up 15.6% to £41 billion, helped by exchange rates and the acquisition of its Indian business last year, with data revenue up 43.7% to £3 billion. Operating profit was up by 16.7% to £11.8 billion, although voice and messaging revenue have dropped in some of its European businesses. The UK ended March 2009 with 18.7 million customers, 58.5% on prepay tariffs and 41.5% on pay-monthly contracts.

As predicted by some financial analysts, the company also says it’s going to speed up its £1 billion cost reduction programme and now expects to achieve over 65% of this in the 2010 financial year. [Press release]

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: NewsNumber of views: 380

Tags:

Leave a comment

Name:
Email:
Comment:
CAPTCHA image
Enter the code shown above in the box below.
Add comment

Name:
Email:
Subject:
Message:
x

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«June 2017»
MonTueWedThuFriSatSun
2930311234
567891011
12131415161718
19202122232425
262728293012
3456789

Archive

Terms Of Use | Privacy Statement