www.WirelessFederation.com/news: GBP2.3 billion impairment charge has been booked by Vodafone Group PLC on its Indian operations due to stiff competition and a fierce price war. An upbeat outlook on revenue and dividend growth has also been issued by the telecom operator. India charge marred company's better-than-than expected fiscal full year results. According to Chief Executive Vittorio Colao, Vodafone, the world's biggest mobile network operator, expects to return to underlying service revenue growth in the year ending March 31 2011, following improving trends in the fourth quarter of fiscal 2010 underpinned by growth in mobile data and fixed broadband while cost cutting came in ahead of schedule, “enabling commercial reinvestment to improve market share and further strengthen its technology platforms. Indian government has issued six additional national mobile licenses to Vodafone since its entry in 2007. This has triggered an "intense price competition," in the market and with bids for the national 3G spectrum passing the $3 billion mark and climbing, the market there is set to remain tough.
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