Vodafone Group Plc reported organic revenue growth last quarter that beat analysts’ expectations as the operator accelerates a pivot to focus on its biggest markets in Germany and the UK. Organic service revenues grew 5.1% in the fourth fiscal quarter, the Newbury, England-based carrier said in a report Tuesday. That compares to the average analyst estimate of 4.9% growth, according to data compil...
Vodafone Group Plc reported organic revenue growth last quarter that beat analysts’ expectations as the operator accelerates a pivot to focus on its biggest markets in Germany and the UK. Organic service revenues grew 5.1% in the fourth fiscal quarter, the Newbury, England-based carrier said in a report Tuesday. That compares to the average analyst estimate of 4.9% growth, according to data compiled by Bloomberg. “After the transformation of the last three years, we are now a simpler company with a stronger growth outlook,” Vodafone Chief Executive Officer Margherita Della Valle said in the statement. “We returned to top line growth in Germany, alongside strong performances across Africa and in Türkiye.” Since taking the helm in 2023, Della Valle has shifted Vodafone’s strategy to prioritize key markets, while withdrawing from countries where it had a smaller presence. Last week, Vodafone announced a £4.3 billion ($5.9 billion) deal to buy out CK Hutchison Holdings Ltd .’s stake in VodafoneThree, a move that will give it full control over the UK’s biggest operator. Under Della Valle, Vodafone has become a key player in the consolidation of Europe’s telecom sector, where earnings have been held back by market fragmentation and intense competition. The telecommunications industry in Europe and the UK has argued that companies need scale to benefit from investments in network infrastructure after struggling to pass on costs for upgrades to 5G standards to customers. While German competitor Deutsche Telekom AG and BT Group Plc in the UK have doubled down on building out infrastructure, Vodafone is focused on an asset-light, software-driven model. It has monetized its towers through carve outs, including selling down its stake in Vantage Towers , while collaborating on data centers through partnerships with technology heavyweights, like Microsoft Corp. and Amazon.com Inc . Della Valle has sold businesses in Italy and Spain, as well as a stake in the Dutch operator Vodafo...
There's no doubt about it: markets are volatile, and investors are nervous. Equity valuations are near the highest levels seen in decades, interest rates are still elevated, and geopolitical tension is feeding into energy volatility and risk sentiment. Put all of that together, and you have a scenario that does not breed confidence. Continue reading
There's no doubt about it: markets are volatile, and investors are nervous. Equity valuations are near the highest levels seen in decades, interest rates are still elevated, and geopolitical tension is feeding into energy volatility and risk sentiment. Put all of that together, and you have a scenario that does not breed confidence. Continue reading
The measure passed 93-0 in the 120-seat Knesset, or parliament, reflecting widespread support for punishing those found responsible for what was the deadliest attack in Israel's history. (Image credit: AP)
The measure passed 93-0 in the 120-seat Knesset, or parliament, reflecting widespread support for punishing those found responsible for what was the deadliest attack in Israel's history. (Image credit: AP)
Craig Morton, who spent 18 years in the NFL and became the first quarterback to start the Super Bowl for two franchises — the Dallas Cowboys and Denver Broncos — has died. He was 83. (Image credit: AP)
Craig Morton, who spent 18 years in the NFL and became the first quarterback to start the Super Bowl for two franchises — the Dallas Cowboys and Denver Broncos — has died. He was 83. (Image credit: AP)
(RTTNews) - Munich Re (0KFE.L, MUV2.DE) reported that its first quarter net result increased to 1.71 billion euros from 1.09 billion euros, prior year. Total technical result rose to 2.68 billion euros from 2.05 billion euros. The operating result rose to 2.23 billion euros from
(RTTNews) - Munich Re (0KFE.L, MUV2.DE) reported that its first quarter net result increased to 1.71 billion euros from 1.09 billion euros, prior year. Total technical result rose to 2.68 billion euros from 2.05 billion euros. The operating result rose to 2.23 billion euros from