Vodafone's Inflexion Point Debate

This is a Britain news story, published by CNBC, that relates primarily to Ian King news.

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CNBC's UK Exchange newsletter: An all-too-familiar dial tone from Vodafone

Summary

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73% Informative

Vodafone's fortunes are an apt metaphor for corporate Britain , says Ian King .

The company as we know it today was born in 1982 when, as part of her drive to widen consumer choice, former British Prime Minister Margaret Thatcher awarded Racal Electronics , a military radio specialist, one of two licenses to run what was then called cellular telephone networks.

From expansion to retrenchment, the company set another record — this time, unwanted — when, in May 2006 , it reported an annual loss of $20.13 billion .

Vodafone chief executive Della Valle said the company is now a simpler business and one that is outperforming rivals in key markets.

Europe Commission's ongoing review of merger guidelines could lead to further consolidation activity.

Africa currently accounts for 20% of the company's revenues but is expected to grow in importance.

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Article tone

formal

Language

English

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Offensive language