Feeds

Vodafone eyes annual savings of £2.5bn

Squeeeeze the suppliers

  • alert
  • submit to reddit

3 Big data security analytics techniques

Vodafone is to cut costs by £2.5bn per year by March 2008. It will do this a combination of £1.4bn through cost-saving measures and £1.1bn through revenue initiatives.

The mobile network operator will exploit its size to buy in bulk, and will generate additional revenue by eliminating duplicated effort. In other words, the handset makers and network equipment vendors are in for years of tough negotiations.

The company told analysts and investors today that it will employ a "build once, deploy many times" development strategy to reduce time-to-market on new services. It aims to reduce mobile capital expediture to less than 10 per cent of mobile revenue by 2008.

Arun Sarin, chief executive, reiterated guidance for the financial year, saying that he expected to generate £7bn in free cash flow, this year. Some of this will go into increasing dividend payments - more information is promised in November to accompany the publication of half-yearly results.

The money will also come in useful for acquisitions: Voda remains interested in acquisitions in France, eastern Europe, Asia and Africa, Sarin said. ®

Related stories

O2 shuns 3G hype
Voda plays Santa with 3G bonanza
Vodafone to bring Blackberry 'Charm' to Europe

Related link

Vodafone's last annual report is here (pdf).

Top three mobile application threats

More from The Register

next story
Virgin Media so, so SORRY for turning spam fire-hose on its punters
Hundreds of emails flood inboxes thanks to gaffe
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
Google looks to LTE and Wi-Fi to help it lube YouTube tubes
Bandwidth hogger needs tube embiggenment if it's to succeed
prev story

Whitepapers

SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.