& cplSiteName &

Euronews: Vodafone Profits Slip as Europe Suffers

Paul Rainford
5/22/2012
50%
50%

Vodafone Group plc (NYSE: VOD), Cable & Wireless Worldwide plc (London: CW) and BT Group plc (NYSE: BT; London: BTA) lead the charge in today's full-frontal assault on the EMEA telecom headlines.

  • Full-year profits at Vodafone were down 11 percent at £7 billion (US$11 billion) as the harsh economic conditions in southern Europe in general and Spain in particular took their toll on the group's numbers. Things would have been worse if it wasn't for the strong data revenue growth -- up 20.2 percent -- in the region. (See Vodafone Full-Year Profits Down 11% and Euronews: Vodafone Suffers in Southern Europe.)

  • Cable & Wireless Worldwide, the ailing U.K.-based services provider which looks like it will be acquired by Vodafone in the not-too-distant future, saw its full-year EBITDA (earnings before interest, tax, depreciation and amortization) plummet from £442 million ($697 million) to £378 million ($596 million) year-on-year. Last month the C&WW board recommended Vodafone's cash offer of 38p per share to shareholders. (See C&WW: EBITDA Down 14.4%, Vodafone Offers £1B for C&W Worldwide, Euronews: Tata Considers C&WW Bid, Euronews: Vodafone Eyes M&A Opportunity and Pluthero Back in C&W Hot Seat.)

  • A demonstration of bandwidth trading will be one of the jolly japes to watch out for at Dublin's Management World show, which kicks off today. BT, Intune Networks , Amartus and Nokia Networks are all involved. The group says it has "engineered a way for all the components necessary to trade network resources through a Bandwidth Exchange." If you're there, go see if it's true. (See BT Leads Bandwidth Exchange Demo and Bandwidth Trading Is Back!.)

  • Virgin Media Inc. (Nasdaq: VMED) CEO Andrew Barron has been writing to The Guardian to complain about what he sees as BT being effectively subsidized by public money in its government-backed broadband rollout. Today Barron, who claims alternative providers such as Virgin are being frozen out of the process, will give evidence to the Lords communications committee's inquiry on the matter.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

    (0)  | 
    Comment  | 
    Print  | 
  • Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
    Featured Video
    From The Founder
    Light Reading is spending much of this year digging into the details of how automation technology will impact the comms market, but let's take a moment to also look at how automation is set to overturn the current world order by the middle of the century.
    Flash Poll
    Upcoming Live Events
    October 18, 2017, Colorado Convention Center - Denver, CO
    November 1, 2017, The Royal Garden Hotel
    November 1, 2017, The Montcalm Marble Arch
    November 2, 2017, 8 Northumberland Avenue, London, UK
    November 2, 2017, 8 Northumberland Avenue London
    November 10, 2017, The Westin Times Square, New York, NY
    November 16, 2017, ExCel Centre, London
    November 30, 2017, The Westin Times Square
    May 14-17, 2018, Austin Convention Center
    All Upcoming Live Events
    Infographics
    With the mobile ecosystem becoming increasingly vulnerable to security threats, AdaptiveMobile has laid out some of the key considerations for the wireless community.
    Hot Topics
    The Revolution Will Be Automated
    Steve Saunders, CEO and founder, Light Reading, 10/10/2017
    The Big Cable DAA Update
    Mari Silbey, Senior Editor, Cable/Video, 10/11/2017
    Is US Lurching Back to Monopoly Status?
    Carol Wilson, Editor-at-large, 10/16/2017
    Telecom Italia Covers 73% of Italy With NB-IoT
    Iain Morris, News Editor, 10/13/2017
    DT: Brutal Automation Is Only Way to Succeed
    Iain Morris, News Editor, 10/10/2017
    Animals with Phones
    Live Digital Audio

    Understanding the full experience of women in technology requires starting at the collegiate level (or sooner) and studying the technologies women are involved with, company cultures they're part of and personal experiences of individuals.

    During this WiC radio show, we will talk with Nicole Engelbert, the director of Research & Analysis for Ovum Technology and a 23-year telecom industry veteran, about her experiences and perspectives on women in tech. Engelbert covers infrastructure, applications and industries for Ovum, but she is also involved in the research firm's higher education team and has helped colleges and universities globally leverage technology as a strategy for improving recruitment, retention and graduation performance.

    She will share her unique insight into the collegiate level, where women pursuing engineering and STEM-related degrees is dwindling. Engelbert will also reveal new, original Ovum research on the topics of artificial intelligence, the Internet of Things, security and augmented reality, as well as discuss what each of those technologies might mean for women in our field. As always, we'll also leave plenty of time to answer all your questions live on the air and chat board.

    Like Us on Facebook
    Twitter Feed