Vodafone: Those same shareholders are now facing up to reduced revenues as the company invests in turning around what remains. The absence of deal froth and the Verizon cash cow has cast an unflattering light on that, according to The Independent. That decline more than cancelled out the growth that Vodafone has been enjoying in sunnier territories like India. Moreover, the disease of the multi-billion pound write-down is still hanging around with some 6.6bn lopped off the value of several European businesses and Unfortunately, the hangover from the post-deal party has set in quicker than anyone expected. Vodafone, it true, has a vibrant emerging markets business growing at a decent clip. Unfortunately, it is shackled to a European operation that seems to embody all of the Continent vices and none of its virtues. It old, sluggish and in decline, with Italy playing the role of problem child.
(news.financializer.com). As
reported in the news.
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