Wednesday, 20 February 2019

Indian merger weighs heavy on Vodafone profits

By Chris Kelly, Total Telecom
Tuesday 13 November 18

Despite relatively good performance across its core business units, Vodafone's half yearly financials were decimated by losses incurred during the company's merger in India

Vodafone Group has posted a loss of €7.8 billion, in CEO Nick Read's first set of half yearly financials. Revenues also slipped to €21.8 billion at the telco. Vodafone attributed the loss to costs associated with its merger with Idea Cellular in India, a move that it hopes will deliver sustainable…

Vodafone Group has posted a loss of €7.8 billion, in CEO Nick Read's first set of half yearly financials. Revenues also slipped to €21.8 billion at the telco. Vodafone attributed the loss to costs associated with its merger with Idea Cellular in India, a move that it hopes will deliver sustainable…

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