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November 15, 2000 | Bloomberg News
Vodafone Group said profit before acquisition costs and other charges will grow faster in its fiscal second half as the world's largest wireless company adds subscribers and more customers use mobile phones to send text messages. Chief Executive Chris Gent said he expects "significant improvement" in cash flow in half-year starting Oct. 1. Cash flow rose 24% in the first half. The net loss widened to $6.7 billion, largely on costs from the $157-billion purchase of Mannesmann.
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BUSINESS
November 15, 2000 | Bloomberg News
Vodafone Group said profit before acquisition costs and other charges will grow faster in its fiscal second half as the world's largest wireless company adds subscribers and more customers use mobile phones to send text messages. Chief Executive Chris Gent said he expects "significant improvement" in cash flow in half-year starting Oct. 1. Cash flow rose 24% in the first half. The net loss widened to $6.7 billion, largely on costs from the $157-billion purchase of Mannesmann.
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