Sunday, July 13, 2014





Europe weighs on Vodafone's Q1 revenues


July 19. 2013 4:52AM
Associated Press

Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) Vodafone, one of the world's largest mobile phone companies. is reporting that its revenues declined 3.5 percent to 10.2 billion pounds ($15.5 billion) amid increasing competition in many parts of Europe.


The British wireless provider that is thought to be mulling options for its 45 percent stake in the U.S.'s Verizon Wireless, said Friday that regulation, competitive pressures and the weakness of the economies in southern Europe weighed on its revenues.


Chief Executive Vittorio Colao says the company is looking to the proposed acquisition of Germany's biggest cable operator to create a platform for a "unified communications strategy in our most important market."


Vodafone has had preliminary discussions with Kabel Deutschland, which has more than 8 million customers. The move would signal a move into fixed-line TV and telephone services.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds