"European Telecoms Market is Stable and Beating Expectations," Says Wismuller Gunter Analyst
Summary
Revenue excluding handset sales, currency movements and mergers or acquisitions - a key gauge of performance in the telecom sector - rose 2.2% in the three months ended June 30, helped by particularly strong growth in the group’s Africa, Middle East and Asia Pacific business.The company campaigned for the U.K. to remain in the European Union and has been quoted as saying it would consider moving its headquarters out of the country after Britain’s vote to leave, although it has said it is too early to make that decision.Information about Wismuller Gunter is available at www.wismullergunter.com Vienna, Austria, September 26, 2016 --( PR.com )-- Vodafone, the British telecommunication giant, has completed its two-year spending plan that has amounted to more than tens of billions of dollars.It has been upgrading operations around the world, mainly Europe, where it generates over two-thirds of its overall sales.This gargantuan spending spree has paid off as the firm reported better-than-expected revenue and yet another quarter of improved sales.It has bought up fixed-telecom assets, rolled out fiber-optic cable and upgraded wireless network speed.Revenue excluding handset sales, currency movements and mergers or acquisitions - a key gauge of performance in the telecom sector - rose 2.2% in the three months ended June 30, helped by particularly strong growth in the group’s Africa, Middle East and Asia Pacific business.The company campaigned for the U.K. to remain in the European Union and has been quoted as saying it would consider moving its headquarters out of the country after Britain’s vote to leave, although it has said it is too early to make that decision.Vodafone was founded in the UK in the 1980s but many of its customers, employees and suppliers are based in Europe, while a significant amount of its earnings are generated on the continent.About Wismuller GunterWismuller Gunter is a Global Wealth Management Specialist currently trading over $750 million in assets with operations throughout Europe and Asia.