LONDON: Vodafone Group, the biggest provider of mobile phone services in the world, raised its sales and profit forecasts Tuesday on accelerating growth in India and Turkey, as well as higher revenue from wireless Internet access in Europe.
The forecast revision came as the company said net income in the six months to Sept. 30 was £3.29 billion, or $6.82 billion, after a year-earlier loss of £5.1 billion. Profit exceeded the median estimate of £3.03 billion in a survey of analysts by Bloomberg News.
Vodafone UK shares rose the most since March 2006. The company, based in Newbury, England, bought the Indian company Hutchison Essar in May to gain access to the world's fastest-growing major wireless market.
Under its chief executive, Arun Sarin, Vodafone also is cutting costs and getting more revenue from Web use by customers in Europe, where most people already have a mobile phone.
Source:http://www.iht.com/articles/2007/11/13/bloomberg/bxvoda.php
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