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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |