ComputerWeekly.com
Premium Content

Access "Vodafone blames southern Europe as revenues plummet 7.4%"

Published: 03 Jan 2013

Vodafone has reported a significant downturn in revenues for the first six months of fiscal year 2012, with much of the blaming the markets in southern European countries.   Revenues for the group were down 7.4% year on year to just under £21.8bn. But in southern Europe revenues for the period dropped 17.5% to slightly shy of £5.4bn. Vodafone didn’t break down all of the countries in this section, but revealed that Spain and Italy were the worst offenders when it came to service revenues, dropping 19.3% and 18.1% respectively compared to 2011. "We have continued to make progress on our strategic priorities over the last six months, with good growth in data and emerging markets in particular,” said Vittorio Colao, CEO of the Vodafone Group.  “In the short-term, however, our results reflect tougher market conditions, mainly in southern Europe. “We remain very positive about the longer-term opportunities and our Vodafone 2015 strategy reflects our confidence in the future.”   Key aspects of the Vodafone 2015 plan include a focus on unified communications in ... Access >>>

Access TechTarget
Premium Content for Free.

By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

What's Inside

Features

More Premium Content Accessible For Free

  • Why we need cyber war games
    CWE_270115_ezine_18p_MED.jpg
    E-Zine

    In this week’s Computer Weekly, the UK and US are starting a cyber war on each other – all in the name of testing each other’s defences. We look at ...

  • FT sold on cloud benefits
    CWE_200115_ezine_18p_MED.jpg
    E-Zine

    In this week's Computer Weekly, we talk to the Financial Times CTO about the publisher's successful move to the public cloud and plans for further ...

  • The Global Risk Report 2015
    GlobalRisks2015.jpg
    E-Handbook

    Large-scale cyber attacks are among the prominent risks in 2015 in the 10th Global Risks report from the World Economic Forum.