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

  • UK election special – who wins the digital vote?
    CWE_050515_ezine_26p-MED.jpg
    E-Zine

    In this week’s Computer Weekly, as the UK goes to the polls in the general election, we take an in-depth look at the political parties’ manifestos ...

  • Earning consumer trust in big data: a European perspective
    Earning-consumer-trust-in-big-data-252.jpg
    E-Handbook

    This report from DLA Piper and the Boston Consulting Group Regulatory explains the fundamentally different approaches and attitudes towards data ...

  • Global Connectivity Index 2015
    huawei-global-connectivity-index-2015-252.jpg
    E-Handbook

    Which countries are the most digitally advanced? Find out in the 2015 Global Connectivity Index, which ranks 50 economies for their use of IT, ...