Vodafone a la Humpty Dumpty?

One of the world’s leading mobile telecommunications companies, Vodafone Group Plc. announced projections of slower sales and profit growth for 2006 (consequently, its shares stumbled by 10% in mid-November). The European telecom behemoth at 10 tributed the fall to increased competition and regulation in its core European markets and additional investments in its ailing Japanese division. The plummeting of shares wiped out almost $11.67 billion off the value of the Britain-based company. The company added around 6 million new customers in the quarter ending September 2005, increasing its worldwide customer base to a massive 171 million by the end of September 2005.

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Source: IIPM - Business & Economy