The rise in popularity of smartphones is the driving force behind the sharp rise in Vodafone’s full-year profits the company has said. Pre-tax profits for the 12 months to the end of March were £9.5bn, up almost 10% on last year’s figures.
Chief executive of the company, Vittorio Colao, said "Customers have adopted data services in increasing numbers, as smartphones proliferate and the tablet market begins to take off".
The group has been slimming down its portfolio, and recently sold stakes in Chinese and Japanese mobile operators, not to mention last months sale of French mobile operator SFR which raised 7.95bn euros. All proving very sensible moves in a difficult climate. Vodafone believes that they are entering the new financial year in a very “strong position.”
No comments:
Post a Comment
Many thanks for your comment! We look forward to hearing from you again.
In the meantime why not get involved with Adodo Community! You could give 1% of your total telecom spend to a school, charity or community project of your choice!