Today’s Newspaper Cuttings
22 May 2015
Today’s online news Timesofmalta.com Vodafone registers quarterly sales rise – Vodafone Indirect
Josannecassar.com President visits GO – GO Direct
Maltatoday.com.mt President visits GO – GO Direct
Vodafone in the news
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Vodafone Indirect timesofmalta.com 20 May 2015 €
Wednesday, May 20, 2015, 00:01 by Kate Holton, Reuters
Vodafone registers quarterly sales rise
The headquarters of Vodafone Germany in Düsseldorf. Photo: Ina Fassbender/Reuters
Britain’s Vodafone posted a rise in quarterly sales for the first time in nearly three years yesterday in the clearest sign yet that Europe’s mobile market is edging towards recovery. The world’s second largest mobile operator has been hit hard by the constraints on consumer spending in its big European markets and by regulator-imposed price cuts. But yesterday it finally forecast 2016 core earnings growth on an organic basis following seven straight years of declines. The full-year results follow updates from the likes of Telefonica and Deutsche Telekom which also showed signs of gradual, if slow, improvement. Vodafone, which has 446 million mobile customers in countries ranging from Albania to Ireland, Qatar, India, South Africa and New Zealand, saw small improvements in Italy, Spain and Portugal while its biggest market Germany remained weak because mobile phone bills there fell. “We have seen increasing signs of stabilisation in many of our European markets, supported by improvements in our commercial execution and very strong demand for data,” chief executive Vittorio Colao said.
CLIENT: Vodafone Indirect MEDIUM: timesofmalta.com DATE: 20 May 2015 AVE: € We have seen increasing signs of stabilisation in many of our European markets Shares in the group slipped 1.6 per cent in early trading, pulling back from a 9 per cent rise in just over two months as investors anticipated better results. Analysts believe the European mobile market is set to stabilise in 2015 and 2016 and should return to top-line growth after that, helped by demand for the more expensive fixed-line fibre services and superfast 4G mobile connections. They believe Vodafone should be well placed to reap the rewards after it embarked on a programme to bolster its mobile speeds and either build or buy superfast fixed-line broadband networks. “We have significant opportunities ahead of us, with only 13 per cent of our European mobile customers using 4G, and our market share in fixed services only a fraction of our share in mobile,” it said. Vodafone reported a rise in fourth-quarter organic service revenue of 0.1 per cent, which followed 10 quarters of declines. It also forecast a range for 2015-2016 core earnings of £11.5 billion to £12 billion, which would indicate core organic earnings growth. The group said it also intended to grow its dividends per share annually after a two per cent rise. .”
Other stories in the news
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GO Direct josannecassar.com 19 May 2015 € 116.00
PRESIDENT VISITS GO Her Excellency Marie Louise Coleiro Preca, President of Malta, has paid an official visit to GO plc. Her Excellency was welcomed at GO Head Office in Marsa by Chief Financial Officer, Edmond Brincat, and given a tour of various departments during which she had the opportunity to meet staff members. Mr Brincat said, “It is indeed a privilege for GO to welcome Her Excellency today. Our Company has, for a number of years, been a very strong supporter of The Malta Community Chest Fund. In addition to strong financial support to L-Istrina, GO also provides all the communications infrastructure to make this annual event happen. We also support numerous other events organised by the Fund throughout the year. Her Excellency has always shown immense gratitude for this support and we are honoured to see that reinforced once again today.” During her visit to GO, Her Excellency was also briefed on significant investments which GO is currently undertaking including GO fibre and 4G and the positive impact these will have on Malta’s communications infrastructure. Ms Coleiro Preca said, “GO plays a crucial role in our society, providing essential communications services which help us all to live our lives, and run our businesses, in a more fulfilling way. As a major player in Malta’s economy GO has also always taken its social responsibilities seriously and I would like to take this opportunity to once again personally thank GO and all the staff for the support they give to The Malta Community Chest Fund.”
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GO Direct maltatoday.com.mt 20 May 2015 € 145.00
President visits GO Her Excellency was welcomed at GO Head Office in Marsa by Chief Financial Officer, Edmond Brincat, and given a tour of various departments during which she had the opportunity to meet staff members. 20 May 2015, 11:47am
Her Excellency Marie Louise Coleiro Preca meeting GO employees during her visit to the Company’s Head Office in Marsa.
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GO Direct maltatoday.com.mt 20 May 2015 € 145.00
Her Excellency Marie Louise Coleiro Preca meeting GO employees during her visit to the Company’s Head Office in Marsa.
Her Excellency Marie Louise Coleiro Preca, President of Malta, has paid an official visit to GO plc. Her Excellency was welcomed at GO Head Office in Marsa by Chief Financial Officer, Edmond Brincat, and given a tour of various departments during which she had the opportunity to meet staff members. Brincat said, “It is indeed a privilege for GO to welcome Her Excellency today. Our Company has, for a number of years, been a very strong supporter of The Malta Community Chest Fund. In addition to strong financial support toL-Istrina, GO also provides all the communications infrastructure to make this annual event happen. We also support numerous other events organised by the Fund throughout the year. Her Excellency has always shown immense gratitude for this support and we are honoured to see that reinforced once again today.” During her visit to GO, Her Excellency was also briefed on significant investments which GO is currently undertaking including GO fibre and 4G and the positive impact these will have on Malta’s communications infrastructure. Coleiro Preca said, “GO plays a crucial role in our society, providing essential communications services which help us all to live our lives, and run our businesses, in a more fulfilling way. "As a major player in Malta’s economy GO has also always taken its social responsibilities seriously and I would like to take this opportunity to once again personally thank GO and all the staff for the support they give to The Malta Community Chest Fund.”