Vodafone reported a workmanlike performance for the quarter to 31 December 2010, with strong revenue growth in India, Turkey, the UK and at Vodacom coupled with uninspiring results for Germany and Italy, and Spain disappointing as conditions “remain challenging” in the country. On a group level, the company reported a 3 percent increase in revenue to £11.89 billion, with service revenue increasing 2.1 percent to £10.96 billion.
Verizon Wireless reported a sound performance for the quarter ended 31 December 2010, trumpeting “strong growth in revenue, strong retail postpaid ARPU, and growth in traditional customers and other connections.” It also provided an update on its LTE plans and noted that part-owner Vodafone can expect dividend payments “eventually.”
Vodafone Group announced its planned adoption of a new corporate structure, which was seen as indicating that the company is, as previously reported, mulling the disposal of its non-core assets in the US, France, Poland and India (Bharti Holdings).
Reuters reports that Vodafone Group has lost out in the latest round of its long-running dispute with the Indian authorities, concerning capital gains tax related to its 2007 acquisition of Hutchison Whampoa’s assets in the country to create Vodafone Essar.
Vodafone Group is reported to be looking to replace its chairman, Sir John Bond, following investor criticism over the operator group’s strategy. Apparently Bond, a former chairman of bank HSBC, has told colleagues that it was always his intention to stand-down after a six-year period, although the move is referred to by the media today as timely…