Wednesday, November 14, 2007

Internet and e-mail access is a net gain for Vodafone


MILLIONS of people using their mobile phones to access the internet and e-mail have helped Vodafone post an increased interim profit and dividend.

Shares in the group rose more than 7 per cent as it increased its profit and revenue forecast for the full year.

The British-based mobile phone provider said sales of messages and data had increased by £300 million to £2.4 billion at its slow-growing but highly profitable European division, more than offsetting a fall in revenues from calls and roaming charges.

Vodafone uk said it now had 21 million third-generation devices in operation, a 92 per cent increase year-on-year, helped in particular by e-mail capable devices such as Blackberries.

Total data sales increased 45.1 per cent year-on-year. While data sales still only represented a small part of total revenue, Vodafone said it saw major growth potential.

Source:http://business.scotsman.com/technology.cfm?id=1800242007

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