Feeds

Vodafone squirrels cash into Blighty nightly as Europe falters

Spain, Italy disappointing - Turkey, India a pleasant surprise

Security for virtualized datacentres

Vodafone's numbers for the tail-end of 2011 show the network doing pretty well, though it admitted husbanding cash back to the UK nightly just to be on the safe side.

It won’t surprise anyone that trading in Italy and Spain has been a bit grim lately, and Vodafone hasn't broken the figures out for Greece but it has pulled out of merger talks with Greek telco Wind Hellas in the region. But things are a bit more optimistic in India and other developing markets, leading to numbers just shy of expectations but not enough to knock the year-end forecasts.

Vodafone's year ends with April, so these aren't full-year figures, just a statement of account for the third quarter of the year.

UK revenue was slightly up, by 1.1 per cent to £1.27bn – thanks to all those smartphones needing more data. Revenue from Germany was also up, but by less than a single percentage. That was more than offset by drops of 8.8 per cent in Spain and 4.9 per cent in Italy, with CEO Vittorio Colao predicting that Italy won't follow Spain's example.

Turkey saw the biggest growth, with revenue up 23.5 per cent, but Vodafone's operations in India increased by 20 per cent – and that was before a load of competitors had their 2G licences stripped from them.

But the financial instability is concerning the company, which admits to shifting spare cash back to the UK each night for safe-keeping, which seems a reassuring thought. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
You! AT&T! The only thing 'unlimited' about you is your CHEEK, growl feds
Man, we did everything but knock on their doors - carrier
The DRUGSTORES DON'T WORK, CVS makes IT WORSE ... for Apple Pay
Goog Wallet apparently also spurned in NFC lockdown
EE launches 150Mbps '4G+' in the heart of London
LTE-A – Faster phones for Hoxton Hipsters
Watch out, Samsung and Apple: Xiaomi's No 3 in smartphones now
From obscurity to selling 19 million mobes a quarter
Brazil greenlights $200m internet cable to Europe in bid to outfox NSA
Only one problem: it won't make the slightest difference. And they know it
Wanna hop carriers with your iPad's Apple SIM? AVOID AT&T
Unless you want your network-swapping tech disabled for good, that is
Knocking Knox: Samsung DENIES vuln claims, says mysterious blogger is a JOKER
But YES, system does store encryption key on the device
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.