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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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Author: The Fonecast
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Categories: Networks and operators, NewsNumber of views: 685

Tags: vodafoneeuropebankingdatam2m

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