The Nokia Lumia 610 has been officially launched in the UK and brings a budget friendly, smartphone experience to the masses.
Available from the first week in June, the Lumia 610 is Nokia's most affordable Lumia smartphone to date.
O2, Orange, T-Mobile and Vodafone will all offer the Lumia 610, along with Carphone Warehouse and Phones 4U, with contracts starting at £15 per month.
Entry level specs with entry level price
The Lumia 610 packs a 3.7-inch (800 x 400) screen, 800MHz processor, 256MB of RAM and 5MP camera with LED flash.
It also sports the latest version of Microsoft's mobile software, Windows Phone Tango, which has been specially developed to run on smartphones with less power – allowing manufactures to keep the cost of the handset down.
Also included is Wi-Fi tethering and the Lumia 610 comes "pre-loaded with Nokia Mix Radio, our free music streaming service and Nokia Drive, our global turn-by-turn navigation app" – not bad for a budget device.
We've asked Nokia how much the Lumia 610 would be SIM-free and we're waiting for a response.
Find out our thoughts on this super cheap handset in our hands on: Nokia Lumia 610 review.
Groupcow.com Announces Latest Offers for iPad 3 and Nokia Lumia - Emailwire
People may want to look at the hottest new deals for the devices much talked about at present, the iPad 3 and the Nokia Lumia. The fact is, the hotter a product is, the higher the worldwide demand for it; which mean the lower the prices are on Groupcow. The opposite is usually true for other sites which is why Groupcow is getting popular at lightning speed.
Before look into the offers at Groupcow, lets look at what some of these new devices are about. The iPad 3 is the newest release of Apple in the category tablet computers. It doesnt look any different at all externally from the previous iPad 2. The much liked feature is Retina display which is also implemented in some iphones. This gives the display a very high definition reproducing pictures that are extremely sharp and crystal clear. ipad 3 display has a resolution of 1536 x 2048 pixels; having a bigger screen makes it even more attractive.
The Nokia Lumia 900 is also a competitive smart phone and its features include large screen, good performance and overall good design.
Example of relevant products for these new devices are, at present, a water resistant sleeve for iPad 3 at $20.21 with a discount of 47% off. Products like this makes traveling with iPad 3 in bad weather possible. have even more choices for iPad 3 accessories. Having said that. considering the fact that it is almost similar to the iPad 2 in dimension and design; one can use most of iPad 2s accessories for the iPad 3.
Another example of relevant products found on Groupcow currently includes a Luxury Back Case for Nokia Lumia 900 case that has a price that is lower then the market rate by at least 45%.
It may be wise to subscribe to their newsletter so that can be the first to be alerted of crazy offers.
About GroupCow
GroupCow is a revolutionary online buying site. Their motto is: More Buyers, Better Discount.
Their primary difference from other sites is that the larger the buying volume for a product, the lower the prices; price being adjusted downwards in real-time as purchasing volume increases.
are probably aware that a $100 item buy at the nearest shopping center actually cost way lower. In truth, the actual price of the maker producing it could be as low as than $10. Cutting away the middleman and trying to bring the item to their members close to $10 is the very goal of Groupcow; while they strive to build a buying force bigger than that of Walmart.
Vodafone full-year profit down 11 pct - Yahoo Finance
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LONDON (AP) -- Vodafone Group PLC has reported an 11 percent drop in full-year profit due to higher taxes and weaker operations in Europe. The company said Tuesday that profit after tax in the year ending March 31 was 7 billion pounds ($11 ...Vodafone 'surprises' with Samsung Galaxy S III release today - Australian PC World
The highly anticipated Samsung Galaxy S III will be available today from Vodafone — online at Vodafone's web store from 11AM, and in retail stores from midday.
The official Vodafone website for the Galaxy S III has not yet been launched: vodafone.com.au/galaxys3 shows an error page. Vodafone is currently live-streaming the phone's launch from Sydney's Capitol Theatre.
Update: The Vodafone Galaxy S III website is now live.
According to Vodafone, the company has "engineered a surprise launch" of the phone. The Galaxy S III has been one of the most talked-about phones of 2012, but information on its Australian launch has been scarce until now.
Vodafone will release the Samsung Galaxy S III on a variety of 24 month plans. Any customer that signs up with Vodafone for a Galaxy S III phone and plan before June 30 will get double the usual monthly data allowance for the first 12 months of their contract.
Vodafone Australia says that "one half of the world’s most famous twins" — singer-musician-television personality Joel Madden — will be launching the double data offer at the Vodafone store at 9/250 Pitt St in Sydney at midday today.
Samsung Galaxy S III preview
In pictures: the Samsung Galaxy S III
Where can you buy the Samsung Galaxy S III in Australia?
The Vodafone Australia press release follows:
Vodafone has engineered a surprise launch of the highly-anticipated Samsung GALAXY S III, available online from 11am (AEST) and in store from midday today, with double the usual data allowance for the first 12 months on the 24-month plan.
Vodafone is offering the hot new Samsung GALAXY S III 16GB in white and pebble blue at $5 per month on its $59 plan over 24-months and the 32GB in both colours at $10 per month on its $59 plan over 24-months with both plans including an amazing double the usual data inclusions for the first 12 months.
‘Designed for humans and inspired by nature’, the Samsung GALAXY S III aims to fulfil the owner’s every need by thinking like they think and acting like they act. With incredible new features such as Pop Up Play and Best Photo, the new double the data offer from Vodafone allows customers to experience the full capabilities of the new Samsung smartphone.
Ross Parker, General Manager of Devices and Pricing, Vodafone said: “Our customers have an almost insatiable appetite for mobile internet and entertainment, and there’s a very simple rule we use to size our data inclusions: the faster and more intuitive the phone, the more our customers will use it, so we’re doubling our usual data inclusions specifically for the Samsung GALAXY S III for the first year on select 24 month mobile plans on Vodafone.”
Parker continues, “We want our customers to enjoy the incredible Samsung Galaxy S III experience on Vodafone’s new network without having to watch their pennies on data use.”
Vodafone executive died after working his way through hotel minibar - Daily Telegraph
The executive's body was flown back to Britain after his death and a post mortem revealed he had died of alcohol poisoning compounded by heart problems.
In the aftermath of his death shocked colleagues at the mobile phone company clubbed together to raise almost £3,500 pounds for the British Heart Foundation in his memory.
A statement posted on their charity appeal website read: "Mark Breslin, our commercial leader in the M2M team, passed away whilst on Vodafone business in Seattle.
"Mark was one of the driving forces in our M2M business who brought huge energy and personality to everything he did.
"He will be greatly missed by us all so please dig deep and donate now to his family's chosen charity."
His distraught wife Imogen listened quietly as the details of his tragic death were read out but asked no questions during the short hearing today.
Coroner Andrew Bradley, sitting in Alton, Hants., recorded a verdict of misadventure after finding Mr Breslin had not intended to drink himself to death at the posh hotel.
A post mortem returned the cause of death as Ethanol Intoxication after tests revealed his blood contained up to five times the drink drive limit.
Prior to his death he lived in a £450,000 pounds detached home in Foxs Furlong, Chineham, Basingstoke, Hants., with Imogen. The couple had two children.
Nokia Oyj : Esko Aho to join Harvard University as Senior Fellow - 4-traders (press release)
Nokia Corporation
Stock exchange release
May 30, 2012 at 9.30 (CET+1)
Espoo, Finland - Today Nokia shares that Esko Aho has been appointed to the role of Senior Fellow at the Mossavar-Rahmani Center for Business and Government at Harvard Kennedy School, the school at Harvard University dedicated to study and engagement in public policy and public administration. As a Senior Fellow, Aho will pursue research on the changing role of the state in maintaining welfare and global competitiveness. Aho will continue to represent Nokia and drive the company's governmental affairs as a consultative partner, although he will step down from the Nokia Leadership team, effective August 31, 2012 out of respect for the demands of the Harvard appointment.
"Today's public problems and opportunities increasingly require collaboration between public and private institutions - between business and government," said John Haigh, the center's co-director and Executive Dean of Harvard Kennedy School. "Mr. Aho brings a unique perspective on how these different institutions can work together more effectively. He has vast experience in government, particularly as Prime Minister of Finland, and in senior executive roles at Nokia. He can help bridge the perspectives of many sectors, enabling the collaboration necessary to solve some of the most intractable public problems. We are pleased he will be joining us as a Senior Fellow."
"Esko has made an immeasurable contribution to Nokia's corporate and government relations, bringing unique insights and political acumen," said Stephen Elop, President and CEO of Nokia. "I am certain that Esko will enjoy the challenges the world of academia offers, and we look forward to Esko's continued contributions to Nokia's governmental relations in the future."
Aho joined Nokia in 2008. He has served as executive vice president, Corporate Relations and Responsibility and as a member of the Nokia Leadership Team since the beginning of 2009. In this role, he has led Nokia's government and public affairs function, overseeing the company's global policies and activities regarding sustainable development and social responsibility.
About Nokia
Nokia is a global leader in mobile communications whose products have become an integral part of the lives of people around the world. Every day, more than 1.3 billion people use their Nokia to capture and share experiences, access information, find their way or simply to speak to one another. Nokia's technological and design innovations have made its brand one of the most recognized in the world. For more information, visit http://www.nokia.com/about-nokia
FORWARD-LOOKING STATEMENTS
It should be noted that certain statements herein that are not historical facts are forward-looking statements, including, without limitation, those regarding: A) the expected plans and benefits of our partnership with Microsoft to bring together complementary assets and expertise to form a global mobile ecosystem for smartphones; B) the timing and expected benefits of our new strategies, including expected operational and financial benefits and targets as well as changes in leadership and operational structure; C) the timing of the deliveries of our products and services; D) our ability to innovate, develop, execute and commercialize new technologies, products and services; E) expectations regarding market developments and structural changes; F) expectations and targets regarding our industry volumes, market share, prices, net sales and margins of our products and services; G expectations and targets regarding our operational priorities and results of operations; H) expectations and targets regarding collaboration and partnering arrangements; I) the outcome of pending and threatened litigation; J) expectations regarding the successful completion of acquisitions or restructurings on a timely basis and our ability to achieve the financial and operational targets set in connection with any such acquisition or restructuring; and K) statements preceded by "believe," "expect," "anticipate," "foresee," "target," "estimate," "designed," "aim", "plans," "will" or similar expressions. These statements are based on management's best assumptions and beliefs in light of the information currently available to it. Because they involve risks and uncertainties, actual results may differ materially from the results that we currently expect. Factors that could cause these differences include, but are not limited to: 1) our success in the smartphone market, including our ability to introduce and bring to market quantities of attractive, competitively priced Nokia products with Windows Phone that are positively differentiated from our competitors' products, both outside and within the Windows Phone ecosystem; 2) our ability to make Nokia products with Windows Phone a competitive choice for consumers, and together with Microsoft, our success in encouraging and supporting a competitive and profitable global ecosystem for Windows Phone smartphones that achieves sufficient scale, value and attractiveness to all market participants; 3) the difficulties we experience in having a competitive offering of Symbian devices and maintaining the economic viability of the Symbian smartphone platform during the transition to Windows Phone as our primary smartphone platform; 4) our ability to realize a return on our investment in next generation devices, platforms and user experiences; 5) our ability to produce attractive and competitive feature phones, including devices with more smartphone-like features, in a timely and cost efficient manner with differentiated hardware, software, localized services and applications; 6) the intensity of competition in the various markets where we do business and our ability to maintain or improve our market position or respond successfully to changes in the competitive environment; 7) our ability to retain, motivate, develop and recruit appropriately skilled employees; 8) our ability to effectively and smoothly implement the new operational structure for our businesses, achieve targeted efficiencies and reductions in operating expenses; 9) the success of our Location & Commerce strategy, including our ability to maintain current sources of revenue, provide support for our Devices & Services business and create new sources of revenue from our location-based services and commerce assets; 10) our success in collaboration and partnering arrangements with third parties, including Microsoft; 11) our ability to increase our speed of innovation, product development and execution to bring new innovative and competitive mobile products and location-based or other services to the market in a timely manner; 12) our dependence on the development of the mobile and communications industry, including location-based and other services industries, in numerous diverse markets, as well as on general economic conditions globally and regionally; 13) our ability to protect numerous patented standardized or proprietary technologies from third-party infringement or actions to invalidate the intellectual property rights of these technologies; 14) our ability to maintain and leverage our traditional strengths in the mobile product market if we are unable to retain the loyalty of our mobile operator and distributor customers and consumers as a result of the implementation of our strategies or other factors; 15) the success, financial condition and performance of our suppliers, collaboration partners and customers; 16) our ability to manage efficiently our manufacturing and logistics, as well as to ensure the quality, safety, security and timely delivery of our products and services; 17) our ability to source sufficient amounts of fully functional quality components, sub-assemblies, software and services on a timely basis without interruption and on favorable terms; 18) our ability to manage our inventory and timely adapt our supply to meet changing demands for our products; 19) any actual or even alleged defects or other quality, safety and security issues in our product; 20) the impact of a cybersecurity breach or other factors leading to any actual or alleged loss, improper disclosure or leakage of any personal or consumer data collected by us or our partners or subcontractors, made available to us or stored in or through our products; 21) our ability to successfully manage the pricing of our products and costs related to our products and operations; 22) exchange rate fluctuations, including, in particular, fluctuations between the euro, which is our reporting currency, and the US dollar, the Japanese yen and the Chinese yuan, as well as certain other currencies; 23) our ability to protect the technologies, which we or others develop or that we license, from claims that we have infringed third parties' intellectual property rights, as well as our unrestricted use on commercially acceptable terms of certain technologies in our products and services; 24) the impact of economic, political, regulatory or other developments on our sales, manufacturing facilities and assets located in emerging market countries; 25) the impact of changes in government policies, trade policies, laws or regulations where our assets are located and where we do business; 26) the potential complex tax issues and obligations we may incur to pay additional taxes in the various jurisdictions in which we do business; 27) any disruption to information technology systems and networks that our operations rely on; 28) unfavorable outcome of litigations; 29) allegations of possible health risks from electromagnetic fields generated by base stations and mobile products and lawsuits related to them, regardless of merit; 30) Nokia Siemens Networks ability to implement its new strategy and restructuring plan effectively and in a timely manner to improve its overall competitiveness and profitability; 31) Nokia Siemens Networks' success in the telecommunications infrastructure services market and Nokia Siemens Networks' ability to effectively and profitably adapt its business and operations in a timely manner to the increasingly diverse service needs of its customers; 32) Nokia Siemens Networks' ability to maintain or improve its market position or respond successfully to changes in the competitive environment; 33) Nokia Siemens Networks' liquidity and its ability to meet its working capital requirements; 34) Nokia Siemens Networks' ability to timely introduce new competitive products, services, upgrades and technologies; 35) Nokia Siemens Networks' ability to execute successfully its strategy for the acquired Motorola Solutions wireless network infrastructure assets; 36) developments under large, multi-year contracts or in relation to major customers in the networks infrastructure and related services business; 37) the management of our customer financing exposure, particularly in the networks infrastructure and related services business; 38) whether ongoing or any additional governmental investigations into alleged violations of law by some former employees of Siemens may involve and affect the carrier-related assets and employees transferred by Siemens to Nokia Siemens Networks; and 39) any impairment of Nokia Siemens Networks customer relationships resulting from ongoing or any additional governmental investigations involving the Siemens carrier-related operations transferred to Nokia Siemens Networks, as well as the risk factors specified on pages 13-47 of Nokia's annual report Form 20-F for the year ended December 31, 2011 under Item 3D. "Risk Factors." Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Nokia does not undertake any obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.
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Nokia in drive to empower local software developers - Vanguard
By Prince Osuagwu & Emma Elebeke
Nokia woke up last week to take the African mobile space by storm. First it prepared the stage for more than 200 of Africa’s top policy makers, developers, entrepreneurs and private enterprises to engage in three days of intense debate at the Open Innovation Africa Summit (OIAS) in Nairobi, Kenya.
The OIAS is put together to stimulate discussion about the role of entrepreneurship, innovation and ICTs in Africa, not just among participants, but also to explore the transformative innovations necessary to successfully address many of the challenges facing Africa today. The summit is also meant to empower African thought leaders to find ways to spur technological innovation within their own local context.
Here at home, Nokia partnered a Lagos-based firm, the Co-Creation Hub, CCHub to discover and empower young local software developers. That effort gave birth to no fewer than ten Nigerian youth developers who stand to have their own businesses grown by Nokia’s local and international expertise.
Meanwhile, the company’s partnership with Nigeria’s Co-Creation Hub, a social innovation centre in the heart of Lagos, saw about 10 local Nigerian software developers emerge, last week. The project, tagged Nokia and Co-Creation Growth Academy is a talent hunt oriented initiative aimed at accelerating top Nigerian mobile software companies in growing their companies on regional and international levels.
The beneficiaries of the academy programme in return, are expected to use their grown businesses to boost and bring value to the Nigeria software market and by extension the ICT industry in general.
The program comes in three parts; Training, Development and Launch of world class mobile apps for Nokia platform. Selected participants will undergo hands-on, structured and technical training to actualize your ideas.
A global mobile software house from Finland, Futurice, with expertise in mobile application development and user driven design will have face to face sessions with the participants in Nigeria and also provide constant online support and mentoring to the participants during the Growth Academy.
Unveiling beneficiaries in Lagos, Head of Ecosystem and Developer Experience, Nokia West Africa, Teemu Kiijarvi said ” Nigeria has a thriving and growing mobile software start-up scene with a lot of potential for growth. For Nokia, the project is a way of boosting Nigeria software market and growing the mobile industry. It is our flagship project and we are determined to train young and budding developers, not only in Nigeria but also in Africa in general.
He said that the project is a continuous one that will be recruiting companies that will in return hiring developers in Nigeria, saying that Nigerian market is growing so fast that it is easy for any aspiring enterpreanuer to succeed if given the right support.
”it is about creativity and social innovation. The beneficiaries will learn how to do both local and global business,” he added.
Vodafone Leads Open Global App-Store Push - Light Reading
What would you think if we told you that five of the world's largest communications service providers (CSPs) are working together to enable their mobile customers to buy and download applications from each other's app stores?
Think about how big an idea that is: Five wireless giants creating, in essence, one global store for mobile applications. The idea is only as big as the names supporting it, as Light Reading has learned that the CSPs involved are AT&T Inc. (NYSE: T), Deutsche Telekom AG (NYSE: DT), Vodafone Group plc (NYSE: VOD), Verizon Wireless and Telefnica SA (NYSE: TEF).
Could a cabal of telcom operators, sick of chasing Apple Inc. (Nasdaq: AAPL) and Google (Nasdaq: GOOG) in the applications market, finally start working together and act like the Internet companies they aspire to be?
Well, we'll see in September, when this joint, open apps effort is set to launch in beta format.
Until then, it helps to know who is behind this idea: He's an engineer who sees CSP app stores working together in a way that mirrors the Web itself.
Michel Burger, head of architecture at Vodafone's Technology Strategy and Products Group, has for years preached the idea of exposing the network application programming interfaces (APIs) at the right time and in the right context to enable carriers to build better network services.
When he was CTO at Microsoft Corp. (Nasdaq: MSFT)'s Communications Sector, Burger talked a lot about how creating Web services was "very anti-cultural" to telcos. His point was that the telco way is to solve every imaginable problem before rolling out a service -- and that tendency had them sitting on the sidelines while other firms were creating Web mash-ups and getting hundreds of millions of users for new Web services. (See Carriers: Be Brave, or Die.)
Having now worked at a CSP for several years, Burger is spotting areas where CSPs can be comfortable working together on behalf of their customers without putting much data, time, and money at risk. At the TM Forum 's Management World last week, Burger told Light Reading about his latest project, which aims to do for mobile operator app stores what URL redirects do on the public Internet.
API redirect
On the Web, URL redirects help, for example, a website such as Light Reading to share a video from a host like YouTube Inc. without causing the viewer to do anything at all. Light Reading benefits from the content, while YouTube benefits from the exposure to a targeted audience. Both Light Reading and YouTube could potentially monetize the attention they get by selling ads related to the content. Thanks to Web APIs, we have an open architecture for sharing and (maybe) monetizing content and Light Reading has never had to pick up the phone and call YouTube for anything, or vice versa.
Burger says carrier app stores should do be able to do something similar with very little friction. When, for example, a Vodafone user attempts to download an application from AT&T, an app API redirect should identify the customer to AT&T as a Vodafone customer, allowing AT&T to deliver the application, and leave Vodafone to settle any charges with its customer via their existing billing relationship.
Such a system keep would AT&T from turning away a potential app customer or losing more momentum in the space to, for example, Apple's iTunes store, the largest app store on Earth. It would also open up a wider world of applications to the customers of any of the five service providers currently involved in the development. Once the service reaches beta stage in September, an AT&T customer, for instance, should be able to easily download and purchase apps from five stores, not just one.
Crucially, this would also mean that developers would have to write an app just once to make it available to a global audience of hundreds of millions of potential users, rather than having to tweak an app multiple times to meet the specifications of the different mobile operator app stores and their supporting back office software systems. That can only be a scenario that would encourage greater engagement between developers and the participating CSPs.
Remarkable, too, is that this is all happening without a third party's guiding hand. The service providers are working directly together with no industry associations or trade groups pushing them into standards meetings. And no device or mobile OS is dictating the terms here. "The Web has won again," said Burger, when explaining the concept to Light Reading's editors.
Why it hasn't happened yet
The idea to get all telcos to collectively share in the apps ecosystem isn't new, but different efforts to share APIs have found little success to date. Even wholesale, white-label app stores by vendors haven't caught on to the degree that consumers have noticed (or cared).
"BlueVia is the most eye-catching and extensive telco developer platform in the market at the moment. But even it is battling to attract developers who want to be able to write their apps once and run them on multiple operator networks, not solely on Telefnica's, however large its subscriber base," says Caroline Chappell, senior analyst at Heavy Reading, who also met with Burger at Management World.
Chappell notes that the Wholesale Applications Community (WAC) effort to standardize the APIs that expose telco assets to developers "is a good idea, but it's executing much too slowly."
"Now five of the world's largest operators are getting together to make telco APIs work, there is real hope that telcos will at last have a compelling proposition for developers -- and app users -- on a global scale. And the way these operators are going about defining and implementing these APIs suggest that they are beginning to institutionalize an Internet approach and Internet timescales," Chappell says.
— Phil Harvey, Editor-in-Chief, Light Reading
Vodafone notice on arbitration premature: Govt - Business Standard
The government has replied to Vodafone’s notice that threatened international arbitration, saying there was no cause of action. It may send a reply and a tax notice to the company after the Finance Act is notified in the official gazette.
“We have replied to Vodafone saying there is no cause of action because no law had been amended...It is premature on behalf of Vodafone,” said a finance ministry official.
Earlier in the day, finance Minister Pranab Mukherjee had said the Income Tax Department would not reopen cases in which assessment proceedings had been finalised before April 1, 2012. “With regard to retrospective amendments, I gave a commitment in Parliament that CBDT (Central Board of Direct Taxes) will issue a policy circular clarifying cases in which assessment proceedings had been finalised before the first day of April 2012...shall not be reopened,” he said.In April, Vodafone, through its Dutch subsidiary, Vodafone International Holdings BV, had issued a notice to the government under the Bilateral Investment Promotion and Protection Agreement (Bipa) between India and the Netherlands. It had asked the government to either abandon or amend the retrospective aspects to the Finance Act, 2012, or face arbitration proceedings. “We have refunded Rs 2,500 crore, as the Supreme Court had ordered. It is premature to invoke the Bipa. As and when amendments take place, we would give a befitting reply,” the official added.
An inter-ministerial group, headed by Finance Secretary R S Gujral, was formed to draft a response to Vodafone’s notice. The group, comprising secretaries of the Department of Economic Affairs, law ministry, telecom ministry and external affairs ministry, felt taxation issues were not covered under Bipa.
The issue had come to the fore when the government had proposed retrospective amendments in Section 9 of the Income Tax Act to tax indirect transfer of capital assets. It had also put a validation clause on its tax demand on Vodafone, after the Supreme Court had ruled in favour of the company in January.
The amendments, which the finance ministry had termed clarificatory in nature, would also affect a few other deals. The official said eight more companies could receive tax notices for deals structured in manner similar to the Vodafone one. The ministry expects about Rs 40,000 crore of tax from such deals.
Disputes on capital gains tax on other merger and acquisition deals pending in courts include those on the $150-mn Idea Cellular-AT&T deal, GE’s $500-mn deal with Genpact, the $981-mn Mitsui-Vedanta Sesa Goa deal, the SABMiller-Fosters deal and the $770-mn Sanofi Aventis-Shantha Biotech deal.
Vodafone Turkey Unit Reports First Annual Profit in Four Years - Businessweek
Vodafone Group Plc (VOD)’s Turkish unit recorded its first annual operating profit in four years, Serpil Timuray, chief executive of Turkish operations, said.
Vodafone Turkey had an operating profit of 3.5 million liras ($1.9 million) in the fiscal year that ended March 31, compared with a loss of 174 million liras in the previous year, Timuray said at a news conference in Istanbul today.
Europe’s biggest telephone company, which bought the Turkish unit for $4.55 billion in 2005, didn’t break down the profit figure for Turkey operations when it announced full fiscal year results May 22.
Vodafone Turkey competes with Turkcell Iletisim Hizmetleri AS (TCELL), the country’s biggest mobile-phone operator, and Avea Iletisim Hizmetleri AS, a unit of Turk Telekomunikasyon AS. (TTKOM)
To contact the reporter on this story: Ercan Ersoy in Istanbul at eersoy@bloomberg.net
To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net
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