Vodafone adds nine million subscribers in first quarter
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Mobile phone group Vodafone said Thursday that it won 9.1 million new customers during its first quarter, almost double the amount a year earlier, owing to strong growth in emerging markets.
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SANTANDER, Spain  - Vodafone  sees glowing  prospects for its position as Spanish market leader in  third-generation (3G) mobile phone services, with 60 percent of  its new customers opting for net-friendly handsets, more than  overall market leader Telefonica .
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Vodafone  shares  climbed on Monday after the British mobile phone giant beat  rival suitors with an $11.1 billion bid for a controlling stake  in Hutchison Essar, India's fourth-biggest cellphone firm.
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A big jump in new subscribers boosts results.
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Vodafone has set a goal of 10 million third-generation (3G) mobile phone customers by March 2006 as the titan battles to recoup about 24
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The number of Indian mobile phone subscribers has passed the 200 million mark after the country added another eight million customers last month, industry figures show.
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(InfoWorld) - Vodafone Group had almost 200 million customers by Dec. 31, but continues to face challenges in the competitive and saturated European market. The operator's European business stagnated, with fourth-quarter revenue growing just 0.9 percent year on year, excluding the effect of acquisitions. Worldwide, its growth excluding acquisitions totalled 6.1 percent. The company accounts for revenue from partly-owned subsidiaries in proportion to its holding. Vodafone said that despite low growth in Europe, some of its new calling plans, such as one that offers users a lower price for calls made within their home area and others that include fixed-line broadband Internet access, are attracting new customers. Price competition, however, is offsetting that growth. Revenue from Vodafone's operations outside Europe, excluding acquisitions, grew 14.4 percent compared to a year earlier. Egypt, Romania, South Africa, and Turkey showed particularly strong growth during the period, Vodafone said. The operator offered no further insight into itsÂ negotiations to buyÂ a controlling interest in Indian operator Hutchison Essar. The board is continuing to investigate the possibility and will only agree to a deal that meets Vodafone's financial criteria, Vodafone CEO Arun Sarin said during a conference call to discuss the results. U.S. operator Verizon Wireless, in which Vodafone owns a stake, also did well during the quarter, with Vodafone's share of the business acquiring one million new customers. Vodafone is still pleased with its stake in Verizon Wireless, although the company uses a different wireless technology to that used by Vodafone's holdings elsewhere in the world. "There is no concept of our selling our interest there," Sarin said. While rumors have surfaced regularly over the past few years that Verizon Wireless might be considering a major technology change, that's still doubtful, Sarin said. Even Apple'sÂ much anticipated iPhone, which operates on GSM (Global System for Mobile Communications), the technology that competes with Verizon's CDMA (Code Division Multiple Access) network, is unlikely to encourage Verizon to make a change, Sarin said. The migration to fourth-generation networks, which operators will begin to make in the next few years, will probably cement Verizon's choice. "That's the time Verizon Wireless will think about what next generation of technology that they can deploy and of course they'll try to deploy a technology that is as backward compatible as they can," he said. Data services are also paying off for Vodafone. Non-voice average revenue per user was up 62 percent for the quarter compared to the year earlier. Vodafone has attracted 50 percent of its total customers to sign up for Passport, a plan that offers reduced rates on roaming. The European Commission is proposing a regulation that would require operators to reduce their roaming rates. Vodafone doesn't expect the commission to make a final decision until this summer, said Sarin.
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Vodafone Group PLC saw a 6 percent increase in revenue and reduced losses for the year to March 31, but revenue and profitability in some of its core European mobile phone markets is shrinking. The changes are forcing the company to look to new markets for growth.
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A report on advertising spending showed strong growth across most media in the first nine months of the year, with Internet advertising increasing the most.
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Vodafone has sharply increased its capacity in the United States after its joint venture in America, Verizon Wireless, struck a $3bn (Â£1.
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Vodafone Group doubled its interim dividend to 1.91p, the top end of forecasts, and extended a full-year share buy-back programme after strong underlying results.
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Joy at data revenues leap Vodafone stuck to its outlook guns this morning when it released a trading statement that showed data revenue growth far outstripping the increase in dreary old voice.â¦
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Vodafone has increased the competition ahead of Christmas with plans to launch 10 handsets before the festive season. The Newbury-based group said it will begin selling the phones in November.
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MOBILE phone giant Vodafone today rewarded its shareholders with a 100 per cent dividend increase on the back of half-year profits equivalent to more than Â£340 per second.
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Vodafone is the first operator in the Netherlands to offer UMTS coverage to more than half of the Dutch population.
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Vodafone Group, the world&#39;s largest mobile phone operator, fired the first salvo in the pre-Christmas marketing war today when it announced the full launch of third-generation wireless services.
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LONDON/HONG KONG  - Vodafone Group Plc VOD.L   launched its first own-branded 3G handsets on Thursday, as the   mobile phone giant tries to expand in the market for   higher-paying third-generation services by luring more pre-pay   users.