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Vodafone Group

Vodafone reports sound Q3 performance

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.

Fran Shammo

Verizon Wireless sees robust Q4 growth

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 SFR disposal rumoured, again

It was again reported that Vodafone Group is set to offload its 44% stake in French affiliate SFR, with majority shareholder Vivendi positioned to be the buyer.

Vodafone restructure ignites minority sale talk; new CFO for Verizon Wireless

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).

Vodafone loses out in Indian tax case

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 begins search for new chairman

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…