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.)
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.