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Vodafone said it would focus on markets in Europe, Africa and India
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Mobile phone operator Vodafone has upped its full-year operating profit forecast to £11.8-12.2bn ($19-19.7bn).
The company also revealed an agreement to sell its remaining interest in Vodafone Japan to new owner Softbank for £3.1bn, as part of its new strategy of offloading non-core assets.
Vodafone said it would focus on India, Europe and Africa.
Both news items came as the company said profits for the six months to September had risen 43% to £8.2bn.
The sale of its Japanese business - with the first £1.6bn payment from Softbank scheduled for this December - follows the mobile operator's withdrawal earlier this year from China.
Vodafone sold its 3.2% stake in China Mobile for $6.5bn in September.
The company did not include the US in its list of target markets, even though Vodafone reported stronger-than-expected earnings growth at Verizon Wireless, its key US business interest.
Vodafone said revenues in western Europe had fallen in the past six months, down 4.3% from a year earlier. But this was more than offset by strong revenue growth in developing markets.
This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.
Vodafone said it would focus on markets in Europe, Africa and India Related stories
Mobile phone operator Vodafone has upped its full-year operating profit forecast to £11.8-12.2bn ($19-19.7bn).
The company also revealed an agreement to sell its remaining interest in Vodafone Japan to new owner Softbank for £3.1bn, as part of its new strategy of offloading non-core assets.
Vodafone said it would focus on India, Europe and Africa.
Both news items came as the company said profits for the six months to September had risen 43% to £8.2bn.
The sale of its Japanese business - with the first £1.6bn payment from Softbank scheduled for this December - follows the mobile operator's withdrawal earlier this year from China.
Vodafone sold its 3.2% stake in China Mobile for $6.5bn in September.
The company did not include the US in its list of target markets, even though Vodafone reported stronger-than-expected earnings growth at Verizon Wireless, its key US business interest.
Vodafone said revenues in western Europe had fallen in the past six months, down 4.3% from a year earlier. But this was more than offset by strong revenue growth in developing markets.
This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.