Turkey Sees Vodafone Through Safely As Investors Get Edgy

UK mobile giant Vodafone Group has reported stronger than expected results for the quarter ended June 30, 2006. Organic growth stood at 6.4% over the quarter in total proportionate mobile revenue, with 1.3% growth in Europe and 13.9% growth in EMAPA. Growth in total revenue was 9.2%, with organic mobile service revenue growth of 4.5%. The company's CEO Arun Sarin said: "This is a robust operating performance in testing markets with revenue for the quarter in line with expectations." However, whether the company's performance is sufficient enough to counter attacks from several major shareholders remains to be seen, as they

To read the full article, please sign in or take a free trial.