Wednesday, August 5, 2015   

Vodafone logs lower revenue in Q3
(02-06 17:13)

Vodafone, one of the world's largest cellphone companies, says third-quarter revenue dropped 4.8 percent as conditions across an economically struggling Europe remained challenging.
The decline in organic service revenue -- excluding currency fluctuations and mergers and acquisitions -- was biggest in southern Europe. Things were brighter in emerging markets, with India posting revenue growth of 13.2 percent.
The company did not report earnings for the period.
CEO Vittorio Colao said Thursday Vodafone will respond "through on-going improvements to our operating model and cost efficiency.'' He has introduced a 7 billion pound investment program to improve service.
Vodafone agreed last year to sell its stake in a U.S. venture to Verizon for US$130 billion in cash and stock -- one of the biggest deals in corporate history. --AP
   
Other Business breaking news:
Dow climbs at open (08-04 21:46)
Vietnam-EU free trade deal to open up market access (08-04 18:13)
British company’s Somalia oil deal investigated (08-04 18:09)
(Greece crisis) Bank shares take a hammering again in Athens (08-04 17:53)
China stocks rally at close (08-04 15:23)
European stocks lower (08-04 15:21)
BMW quarterly income falls, Roll-Royce sales weak (08-04 15:16)
Kerry says Pacific trade pact close at hand (08-04 15:13)
UK raises US$3.3b offloading 5.4pc stake in Royal Bank of Scotland (08-04 15:11)
Euro weakens (08-04 12:29)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.