Vodafone Dials Up Cost Cuts

Schachter, Ken
November 2008
Red Herring;11/11/2008, p5
Trade Publication
The article reports on an increase in the value of the shares of British wireless carrier Vodafone. Such increase came after the company reported first-half earnings per share fell 35 percent, but unveiled a $1.54 billion per-year cost-cutting plan. For the period ended September 30, 2008, revenue was $30.6 billion, a 17.1 percent year-over-year increase, but a 0.9 percent increase in organic growth. The company, which owns 45 percent of Verizon Wireless, also announced that the board of directors had increased the dividend by 3.2 percent.


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