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Euronews: Vodafone Upbeat on Full-Year Outlook

Vodafone Group plc (NYSE: VOD), Telefónica SA (NYSE: TEF) and Huawei Technologies Co. Ltd. make waves in today's survey of the EMEA telecom pool.

  • Vodafone Group plc (NYSE: VOD) increased its expectations for full-year adjusted operating profit this year to a range of £11.4 billion (US$18.3 billion) to £11.8 billion ($18.9 billion), which is at the high end of the outlook the operator reported in May. The revised guidance comes as Vodafone reported revenues of £23.5 billion ($37.7 billion) for the six-month period ending September 30, 2011, which is up 4.1 percent compared with the same period last year, while adjusted operating profit was down 0.6 percent year-on-year to £6 billion ($9.6 billion). (See Vodafone Makes £6B Profit in H1 and Vodafone Reports Full Year.)

  • Telefónica is laying the groundwork for IPTV growth in Europe and Latin America with an investment in home Wi-Fi networking firm Quantenna Communications Inc. The Californian vendor's technology is used for high-bandwidth video services in the home. (See Telefonica Makes Strategic Investment in Quantenna and Telefonica Holds Key to Digital Model.)

  • Swisscom AG (NYSE: SCM) plans to run Long Term Evolution (LTE) trials in seven tourist hotspots, beginning with the fancy-Dan ski resort and politico/economic talking shop that is Davos. The whole program should be up and running by early December. (See Swisscom Pilots LTE and Euronews: Swisscom Feels the Heat in H1.)

  • Chinese giant Huawei is opening a smartphone design center in London, with the aim of creating swanky advanced models for the European market, reports the BBC. It will be the first of three such centers Huawei intends to open outside China. (See Huawei's Next 6 Months and Huawei's Next Move in Europe .)

  • Iraqi operators Zain Group , Asiacell Telecommunications Co. Ltd. and Korek Telecom Ltd. have appointed advisors to oversee preparations for their compulsory initial public offerings (IPOs), reports the Financial Times (subscription required). The country's telecom regulator decreed that they have to offer a quarter of their shares for sale on the Iraq Stock Exchange by the end of August 2012.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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