Feeds

Vodafone dividend doubled, shares up

We're talking telephone numbers

  • alert
  • submit to reddit

Security for virtualized datacentres

Vodafone, the Big Daddy of cellcos, increased revenue by six per cent for the six months ended 30 September 2004. Group turnover was £16.8bn, an organic growth of six per cent. The firm gained 7.4m customers in the period giving it 146.7m customers in total. It has sold 323,000 datacards to date.

Group operating profit for the period, excluding exceptional items, was £5.7bn or five per cent organic growth at constant exchange rates. Including goodwill amortisation and exceptional items Vodafone Group lost £1.6bn. Vodafone is increasing the size of its share buyback programme from £3bn to £4bn. It is doubling the size of its annual dividend to 1.91p per share. Weak performance in Japan continues to drag down results. Vodafone increased its stake in its Japan subsidiary from 28.5 per cent to 98.2 per cent at a cost of £2.4bn.

Vodafone sold 83.7bn minutes of mobile voice time in the period. Non-voice revenues made up 16.4 per cent of total service revenues.

Arun Sarin, Vodafone's chief executive, said: "We have recently launched a compelling set of new services on our 3G platform in 13 markets with a wide range of industry leading new handsets. With new and attractive pricing for both data and voice services, Vodafone is delivering on its promise to delight the customer...

"We expect 3G to deliver a material benefit to our business over time and are targeting more than 10 million Vodafone live! with 3G customers in our controlled operations by the end of March 2006."

Looking forward, Vodafone expects organic growth of around ten per cent in average proportionate mobile customers, giving high single digit growth in mobile revenue compared to last year. Declining interconnect rates and 3G investments mean mobile margins will decline slightly.

More information at Vodafone. ®

Related stories

Giving voice to the mobile workforce
Vodafone leads charge in 3G offensive
Vodafone to splurge £100m on 3G launch

Protecting against web application threats using SSL

More from The Register

next story
Brit telcos warn Scots that voting Yes could lead to HEFTY bills
BT and Co: Independence vote likely to mean 'increased costs'
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
New 'Cosmos' browser surfs the net by TXT alone
No data plan? No WiFi? No worries ... except sluggish download speed
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Turnbull: NBN won't turn your town into Silicon Valley
'People have been brainwashed to believe that their world will be changed forever if they get FTTP'
Blockbuster book lays out the first 20 years of the Smartphone Wars
Symbian's David Wood bares all. Not for the faint hearted
Bonking with Apple has POUNDED mobe operators' wallets
... into submission. Weve squeals, ditches payment plans
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.