Vodafone results boosted by emerging markets

Vodafone is expected to announce a full-year profit driven by sales in India and Turkey and growing demand for high-speed mobile Internet services. While the company does not declare its figures until May 27th, a pool of 13 industry analysts expects the company to report net income of £6.35 billion, compared with a loss of £5.43 billion a year earlier.

Last November, the company raised its sales and profit forecasts on faster growth in India and Turkey, as well as higher revenue from wireless Internet access in Europe. Two months later, Vodafone said third-quarter sales from wireless services, which include voice, data, messaging and broadband revenue, rose 4.2 per cent.

Vodafone has acquired assets in emerging markets to make up for slower growth in Europe, and this month reiterated its interest in raising the 50 per cent stake it holds in Vodacom Group, South Africa's largest mobile-phone company.

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