Feeds

Vodafone revenues hit as customers in Europe hang onto their cash

Verizon buy in the US saved it from posting even more dire results

Top 5 reasons to deploy VMware with Tegile

The end of Vodafone's financial year saw the company writing down £7.7bn in assets, leaving it with a profit of only £673m based on annual revenue which declined 4.4 per cent to £44.4bn.

The revenue drop was the largest ever for the telecommunications giant, it said.

The bright spot in the Vodafone numbers was again Verizon, which managed to contribute £6.4bn to revenue, but Vodafone shareholders won't be getting any of the £2.1bn dividend Verizon paid last week. Instead, Voda will use it for running costs and deploying all those 4G networks it has committed to building across Europe and elsewhere.

Those networks will cover 40 per cent of the bigger European markets by March 2015, with HSPA covering 80 per cent in the same timeframe. This is important given 54.8 per cent of Vodafone customers are now using smartphones on contracts, and therefore consuming a good deal more data.

Not that Europe is making much money for the company - revenue from Italy and Spain declined 12.8 and 11.5 per cent respectively. But despite all that Vodafone still did marginally better than analysts had expected, resulting in an improved shareholder dividend (up seven per cent). The share price remained flat. ®

Beginner's guide to SSL certificates

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.