Vodafone’s Q1 results up thanks to India


MoneysVodafone’s Q1 results are in, and revenue’s increased 7.5%, resting at a healthy GBP8.3 billion and 232 million subscribers. The flak from the Verizon joint venture doesn’t seem justified in light of Vodafone’s earnings at all - are the activist shareholders just out to lunch? Verizon‘s not doing great, but let’s take the long view. If Vodafone’s still doing well after handling financial burdens from Verizon, then it’s an investment they can afford, and could still pay off in the long run. Vodafone attributes most of their increase to the acquisition of a 67% stake in Hutch last February, who brought out the BlackBerry 8300 not too long ago in India.