£1bn (more) in cuts across Vodafone group

Publishing their half-year report yesterday, Vodafone group say it’s existing £1bn cost-saving program will be a year ahead of schedule. No time to celebrate yet though, as bosses announce a further £1bn in cuts will be needed by 2012.

Chief executive Vittorio Colao restated the importance of the deepening commercial relationship with Verizon Wireless, highlighting joint initiatives around applications, LTE, enterprise customers and BlackBerry devices.

Originally published at OneMobileRing.com