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Indian telecom woes? Britain's Vodafone net loss mount to 6.1 bn euros

Compnay's organic service revenue growth slowed to 1.5% in the final quarter from 2.1% in the third

Reuters  |  London 

Vodafone, the world's second biggest mobile operator, reported a 6.1 billion euro ($6.71 billion) loss for the year to end-March, dragged down by the troubled Indian unit it is spinning off. Seeking to reassure investors about the future however, the group forecast growth in earnings and a jump in free cash flow for the current year, driven by stablilising average revenue from its contract customers and lower spending. It predicted a rise in organic adjusted core earnings growth of between 4 and 8 per cent and free cash flow of about 5 billion euros, up from 4.1 billion ...

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First Published: Tue, May 16 2017. 15:08 IST