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Vodafone (VOD): FQ1 service revenue +0.6% vs. consensus of +0.8%. Total sales -7.7% to...

Vodafone (VOD): FQ1 service revenue +0.6% vs. consensus of +0.8%. Total sales -7.7% to £10.77B vs. £10.91B consensus. From the conference call: "[I]t’s difficult to be hugely optimistic about the near term changes in things... Our sense is we should prepare the business for a few more quarters that are going to be reasonably tough." Shares -2.9% in London. (PR)
Comments (1)
  • Stop buying minority shares in disparate areas no matter how enticing the transitory appeal is: (NZ). Focus on improvement in service and keeping debt low within existing markets.

     

    What is the real strategic vision of this company internationally and within the UK with its recent Wireless and Cable purchase? Are we looking for more corporate clientele in the UK and Germany? Do we want to have some fix line revenue stream? What about Essar in India; how does VOD see extracting value here with its larger purchase of Essar in this business environment? How does the company see expansion in a retracting Asian and global economy?
    20 Jul 2012, 07:37 PM Reply Like
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