Vodafone revenues hit by eurozone crisisFebruary 9, 2012 - 18:29 AMT PanARMENIAN.Net - Mobile phone firm Vodafone has reported modest revenue growth after sales in Spain and Italy were hit by the economic problems in the countries, BBC News reported. Revenue from existing customers rose 0.9% in the final three months of 2011, compared with forecasts of 1.1%. Trading in northern Europe was better, with sales up in Germany, the UK and the Netherlands. Sales in emerging markets grew strongly. Turkey saw revenue grow by 23% and in India it was up 20%. Vodafone chief executive Vittorio Colao said: "Despite the further deterioration of the southern European economic environment during the quarter, our broad geographic mix is delivering a resilient overall performance." Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Macron honors Charles Aznavour on 100th anniversary French President Emmanuel Macron has paid tribute to the memory of French-Armenian crooner Charles Aznavour. Erdogan’s approval rating falls below 40 percent: survey A total of 53.4 percent of respondents said they disapprove of the performance of Erdoğan. Blinken says U.S. reviewing a number of aid requests from Armenia He said the U.S. is reviewing the requests to determine what more it can do to increase its assistance to Armenia. At least 2 CSTO members participated in preparing 44-day war against Armenia – PM Nikol Pashinyan has declared that at least two CSTO member countries participated in preparations for the 44-day war against Armenia. |