Vodafone bounces back

LONDON (AFP) – British telecommunications giant Vodafone announced yesterday that it rebounded back into profit in the first half of its financial year in a “resilient” performance as it shrugged off the fallout from the coronavirus pandemic.

Profit after tax hit EUR1.3 billion for the six months to September, the mobile phone giant said in a results statement.

That followed a net loss of EUR2.1 billion in the same period a year earlier, which came after India’s Supreme Court ordered telecoms companies to pay long-standing bills for past spectrum and licensing fees.