It is well known that during the last three years, Vodafone has struggled to grow. Indeed, thanks to the tough economic situation in Europe as well as falling voice and messaging revenues within its key markets, Vodafone’s revenues have fallen 3% since 2011.
However, Vodafone’s US joint-venture Verizon Wireless has strengthened the company’s bottom line. In particular during Vodafone’s 2013 financial year, the company’s income before tax was $3.2 billion, of which $7.7 billion was from Wireless. This indicates that without the cash from Verizon, Vodafone would have made a full-year loss.
Still, Vodafone is now selling its…