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Wireless

Vodafone to raise investment as revenue fall continues

Tuesday 12 November 2013 | 08:49 CET | News
Vodafone announced plans to increase investment in an attempt to turn around the continued fall in revenues in Europe. The mobile operator increased the budget for its Project Spring to GBP 7 billion by March 2016, from 5 billion previously, saying it hopes the investment in networks will help differentiate its services. Revenues for the fiscal first half were up 2.5 percent year-on-year to GBP 19.06 billion, thanks to the acquisitions of CWW and TelstraClear. Profit for the period from continuing operations increased by GBP 20.0 billion to GBP 15.7 billion, primarily due to a tax benefit of

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Categories: Mobile & Wireless
Companies: Verizon Wireless / Vodafone
Countries: World
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