The mobile operator focuses on emerging markets and shareholders, and cuts operating losses, to deliver solid resultsVodafone has slashed operating losses but European red tape and mobile phone market saturation is hampering progress, according to the mobile operator's 2007 financial results.
The Vodafone Group reported revenues of £31.1bn for the year ending 31 March 2007, with a reported growth of six per cent on last year's figures.
The company also narrowed its operating loss - from £14bn in 2006 to £1.6bn for 2007's financial year - and predicts its revenue will increase to up to £34.1bn for the 2008 financial year.
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