Vodafone Posts First-Half Loss

AFP: British mobile phone group Vodafone has chalked up a first-half loss of 5.105 billion pounds (US$9.711 billion) , mostly because of the write-down of assets bought at the height of the telecoms bubble. Revenues climbed by 4.1% to 15.594 billion pounds (US$29.397 billion) in the six months to September 30 (with the sale of Vodafone’s Swedish and Japanese operations), and earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 2.8 percent to 6.242 billion pounds (US$11.767 billion), beating analysts’ consensus forecasts of 6.05 billion pounds.
Vodafone’s customer base now sits at 191.6 million customers around the globe.

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