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 your personal information, you agree to receive emails regarding relevant products and special offers from TechTarget and its partners. You also agree that your personal information may be transferred and processed in the United States, and that you have read and agree to the Terms of Use and the Privacy Policy.

What's Inside

Features

More Premium Content Accessible For Free

  • The state of email trust in 2014
    state-of-email-trust-2014-252.jpg
    E-Handbook

    Email security improved in 2014 but most companies still haven't done enough to protect their customers from phishing attacks, this study from Agari ...

  • Strategies for the age of digital disruption
    Digital Transformation Review-252.jpg
    E-Handbook

    Disruption can happen at any time, in any sector, and its effect on traditional organisations can be fundamental. Capgemini offers some strategic ...

  • Bridging the big data divide: Part two
    Bridging the IT business Part II-252.jpg
    E-Handbook

    As the big data era takes hold, it is time to sit down with the business and sort out what IT can do to provide a fully supportive data platform for ...