Vodafone shocks investors with £28bn goodwill write-down

Forums › One New Zealand (including Vodafone, WxC, Farmside) › Vodafone shocks investors with £28bn goodwill write-down

JaBZ

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#6872 1-Mar-2006 17:02

http://news.independent.co.uk/business/news/article348240.ece
need I say more..

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johnr

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#29589 1-Mar-2006 17:10

What is up with this networks all over the world are been written down in Value

Look at the APPT network in OZ owned by Telecom NZ and look how its value dropped its just a bigger value for Vodafone group as they own more netowrks around the globle.

What are you trying to prove with your stupid comment: need I say more

JaBZ

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#29591 1-Mar-2006 17:13

just stating the fact that not only Telecom writing down (AAPT)...

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freitasm

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#29592 1-Mar-2006 17:16

And we are talking about 28 billion Pounds (mostly from Vodafone Germany thanks to the hostile takeover of Mannesmann a few years ago), some from Vodafone Italy and other smaller operations, but also including the UK).

Jama

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#29593 1-Mar-2006 17:22

Relax Johnr - its not a beat up but it does make interesting news. That is a huge whack of money - approx $82b NZ dollars. Quite hard to comprehend for us poor kiwis.

Lipex666

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#29594 1-Mar-2006 17:27

WOW Johnr such passion.

Mobile Networks like Vodafone T Mobile etc are over valued. 3G is not a big cash cow as they thought with the huge outlay on building and buying licences.

3G is not winning volumes of customers in Europe and looking at NZ connection numbers its not happening in NZ either.

Theres also the likes of Skype, wifi and other alternatives etc

I think good on Vodafone for saying we are overpriced and report the real value as we dont want another Enron here.

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sbiddle

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#29607 1-Mar-2006 20:49

It's no wonder Vodafone are so protective of their profits in NZ, that cash cow needs to stay the way it is! :-)

Issues like the slow rollout of One Vodafone can't help, Vodafone should be taking advantage of their shear size, instead it's becoming their big downfall.

Lipex666

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#29798 4-Mar-2006 11:31

To make sure its not a pick on Vodafone thing.

T-Mobile takes a £1.3bn hit

THE owner of T-Mobile became the second mobile phone firm this week to admit that its assets were overvalued by absorbing a £1.3bn hit on its UK unit.

These companies are overpriced and Im sure a few more will need to revalue themselves.

No gold on that 3G road.

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freitasm

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#29802 4-Mar-2006 11:41

Just to clarify: T-Mobile is part of Deutsche Telekom.