British mobile phone giant Vodafone on Tuesday reported a 90-percent plunge in annual net profit after taking a vast impairment charge relating to poor business in debt-laden eurozone nations Italy and Spain.
A sign above a branch of a Vodafone store in central London on May 22, 2012. British mobile phone giant Vodafone said Tuesday that annual net profits tumbled 90 percent after taking a vast impairment charge relating to its businesses in debt-laden eurozone nations Italy and Spain.
Updating the market, Vodafone was meanwhile silent surrounding recent speculation that it may offload its sizeable stake in Verizon Wireless, the US mobile operator.
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