Tag Archive | "Vodafone"

Vodafone returns to growth for the first time since the economic downturn

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According to a report on Reuters, Vodafone is currently the world’s largest mobile network in terms of its sales volume. The telecoms giant was badly affected by the economic downturn in the past, but now the prospects for the company are looking brighter as it returns back to growth for the first time, since the economic downturn.

Vodafone has revealed plans to reconsider their strategy and drive the company towards even healthier profits later this year. The company has been proactively focusing on selling mobile internet bundles, and it has proven to have worked nicely in safeguarding its revenues, whilst a majority of other operators are struggling to survive.

Earlier this week ‘Ontario Teachers’ Pension Plan’ the Canadian based company which holds a 0.4% stake in Vodafone has urged the company to bring about some major structural and strategic changes.

Chief Executive for Vodafone, Vittorio Colao declined to comment on the OTPP’s request and said he would rather focus on the strong first quarter results instead.

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