Feeds

SMS pumps up Vodafone sales

It's good to talk, text, etc

  • alert
  • submit to reddit

The essential guide to IT transformation

Shares in Vodafone were up in morning trading after the world's biggest mobile phone operation posted improved intermim turnover and operating profits.

For the six months to September 30 turnover increased by 27 per cent to £8.9 bn, up from £7 bn in the corresponding period last year.

Operating profit jumped to £3.4bn 40 per cent up on last year's £2.4bn.

The mobile phone operation also boosted its customer base to 95.6 million punters - 15 per cent growth during the period.

Average revenues per user (ARPU) stabilised after a recent decline. This was helped, in part, by an increase in non-voice revenues (SMS etc) which accounted for 9.1 per cent of total service revenues for the year to 30 September 2001, compared with 8.1 per cent for the year ended 31 March 2001.

This upward trend appears to be continuing with Vodafone reporting that in September 2001, non-voice service revenues represented 9.9 per cent of total service revenues.

Of course, Vodafone still has to recoup its multi-billion pound investment in third generation mobile licences. And it also has to wrestle with net debt of £9.2 billion.

By late morning shares were up 4p (2.3 per cent) at 178.25p. ®

Boost IT visibility and business value

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Broadband slow and expensive? Blame Telstra says CloudFlare
Won't peer, will gouge for Internet transit
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
prev story

Whitepapers

Best practices for enterprise data
Discussing how technology providers have innovated in order to solve new challenges, creating a new framework for enterprise data.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Advanced data protection for your virtualized environments
Find a natural fit for optimizing protection for the often resource-constrained data protection process found in virtual environments.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?