percent rise: We have further improved our performance during the first half of the financial year with Europe modestly ahead of our expectations - led by Germany and Italy, CEO Vittorio Colao said, according to Deutsche Welle. The world second-biggest mobile telephone provider by subscribers after China Mobile said its loss after tax in the six months to September 30 was twice its 2015 loss of 2.5 billion euros. But the company stock gained 1.5 percent after a 4.3-percent rise in core earnings beat expectations, thanks to an improved situation in Europe, it said as it released its interim results. This followed an impairment charge of 6.4 billion euros on its operations in India, which it blamed on increased competition. Vodafone said it would refocus its Indian operations to acquire frequencies in the more successful and profitable areas of the country. Too much reliance on India Established players in India have been stung by moves made by the country richest man, Mukesh Ambani, whose heavily indebted Reliance Telecommunications has been offering free mobile services in a bid to gain market share.
(news.financializer.com). As
reported in the news.
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