Vodafone Research Papers

Vodafone Research Papers-81
We are on track to reduce net operating expenses for the third year running, and we are confirming the mid-point of our EBITDA guidance range, with an increased outlook for free cash flow generation.Looking ahead, my new strategic priorities focus on driving greater consistency of commercial execution, accelerating digital transformation, radically simplifying our operating model and generating better returns from our infrastructure assets.Looking at adoption trends across various segments including automotive, healthcare and financial services, the team suggests the Io T world is creeping slowly towards mass market adoption.

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Vodafone has released its sixth annual Internet of Things Barometer report to give a temperature check on Io T progress, and its all looking pretty rosy.

It also aims to find the gaps in the online strategies and improve them in order to boost up the brand image of Vodafone.

Group revenue of 21.8 billion and loss for the financial period of 7.8 billion, primarily due to a loss on the disposal of Vodafone India (following the completion of the merger with Idea Cellular) and impairments Organic service revenue (excluding handset financing, IAS 18 basis) up 0.8%** and Q2 up 0.5%** with good commercial and financial performance in most markets offset by increased competition in Italy and Spain Growth drivers: good momentum in fixed broadband (384,000 net adds) and convergence (616,000 net adds); Vodafone Business grew 1.0%*, led by strong growth in Io T; Emerging Consumer up 7.4%* driven by data growth Stable interim dividend per share of 4.84 eurocents; full year dividend per share expected to be in-line with FY18 Nick Read, Group Chief Executive, commented: "Our performance in the majority of our markets has been good during the first half of the year, and we have taken decisive commercial and operational actions to respond to challenging competitive conditions in Italy and Spain.

As part of our effort to improve returns, we are creating a virtual internal tower company across our European operations, and we are reviewing the best strategic and financial direction for these assets.

Our focus on organic growth along with the strategic and financial benefits of the proposed acquisition of Liberty Global's assets give confidence in the Group's ability to grow free cash flow, which underpins our dividend." CHIEF EXECUTIVE'S STATEMENT Financial review of the half year On 20 March 2017 we announced an agreement to merge Vodafone India with Idea Cellular ('Idea') in India, which completed on 31 August 2018.

While the promise of Io T has been bubbling away in the background for some time, it did appear to be benefits for the privileged.

This is of course far from mainstream adoption, but perhaps the emergence of more commoditised products, off-the-shelf, are starting to turn heads.

“This is the age of digital transformation, and it’s a hugely exciting time for businesses looking to take those digital steps to success,” said Anne Sheehan, Director of Vodafone Business UK.

“Io T – alongside analytics, artificial intelligence (AI) and cloud – can deliver real business benefits ranging from improved safety to increased responsiveness to entirely new revenue streams.


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