Vodafone reports losses for H1 2012, but group sees 'strong growth' in M2M revenues

Vodafone Vodafone

Newbury, Berkshire, UK. November 13, 2012 — Vodafone has announced a loss of £1,886 million (€2,358 million) for the six months ended 30 September, 2012, as total revenues fell 7.4% on H1, 2011. But the CEO reported that M2M revenues continued to show ‘strong’ growth.

Organic service revenues fell in the first half of this financial year by -0.4% across the whole group.* Like-for-like service revenues in Northern Europe rose by 1.5% and in Africa / Middle East / Asia-Pacific they climbed 5.2%, but in Southern Europe they fell by 9.8%*.

Vittorio Colao, Vodafone group chief executive, commented: “We have continued to make progress on our strategic priorities over the last six months, with good growth in data and emerging markets in particular. In the short-term, however, our results reflect tougher market conditions, mainly in Southern Europe.”

Colao added: “We remain very positive about the longer term opportunities, and our Vodafone 2015 strategy reflects our confidence in the future. This is based on a new strategic approach to our consumer offer and pricing in Europe now being rolled out, an increasing focus on unified communications in enterprise, and an attractive and growing exposure to emerging markets. Fundamental to the success of this strategy will be an ongoing enhancement of the consumer and enterprise customer experience through continuous investment in high speed data networks, and an increased drive towards standardisation and simplification across the group to maximise cost efficiency and accelerate execution.”

Drilling down further into the figures shows that Enterprise revenue declined by 0.4%*. However, there was continued strong growth in Vodafone Global Enterprise, M2M and Vodafone One Net but these areas were offset by “macro-economic challenges in country-level enterprise units”.

Vodafone Global Enterprise (VGE), serving the biggest multi-national accounts, will continue to expand its remit, he said, driven by an increasing appetite among customers to consolidate telecoms procurement cross-border and bring mobility into the heart of their business strategies. Said Colao, “In M2M, we will leverage our new business unit organisation, global technical platform and vertical sector competences to exploit the current wave of adoption of M2M solutions across many industry and service sectors. In addition, we will develop our product offering in high growth segments, such as cloud and hosting, thereby leveraging the expertise acquired with Cable & Wireless Worldwide (CWW).”

Strong growth continued in data services (+13.7%*) and emerging markets (India +11.0%*, Vodacom +4.6%*, Turkey +18.0%*) in Q2. The emerging markets also comprise Egypt, Ghana, Qatar and Fiji.

* = Organic revenues which present performance on a comparable basis, both in terms of merger and acquisition activity and movements in foreign exchange rates. From 1 October, 2011 the group revised its intra-group roaming charges. While neutral to group revenue and profitability, these changes have had an impact on reported service revenue by country and regionally since 1 October, 2011. Prior period reported revenue has not been restated, to ensure comparability in organic growth rates, but country and regional revenue in the prior financial period have been re-calculated based on the new pricing structure.


9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, iot home automation is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more

Scality’s 2022 forecast: Storage solutions get AI/MLOps upgrade, enhanced ransomware protection

Posted on: December 8, 2021

London, UK. 7 December 2021 – Scality announced its data storage predictions for 2022, coming off a year when ransomware attacks have exploded, skills shortages remain, and cloud adoption continues. This year’s forecast homes in on how storage solutions will evolve to meet these challenges and how emerging technologies will impact the data storage landscape.

Read more

Virtana free tier offering lets enterprises experience simplified hybrid cloud optimisation at no cost

Posted on: December 8, 2021

Virtana announced the immediate availability of a free version of Virtana Optimize, its cloud optimisation solution. The Free Tier offering complements the Premium version of Virtana Optimize, allowing for frictionless customer adoption.

Read more