While many of Vodafone's rivals can only in their wildest dreams wish for a "Verizon Wireless problem," the UK-based company does seem to bumble its way forward, albeit in a unspectacular and hazy manner.
Despite cost-cutting by rivals, French operator SFR is managing to attract new customers. The company, France's second-largest mobile operator, said it added 86,000 net new customers in the third quarter, after losing 673,000 in the first half due mainly to the market entry of Iliad's Free Mobile.
Vodafone blamed deepening economic problems in Spain and Italy for a first-half net loss of £1.98 billion, compared to a £6.68 billion profit a year earlier. The global operator is writing down the value of its businesses in Spain and Italy by £5.9 billion as consumers in recession-hit Southern Europe cut back on spending.
Vodafone will publish its second-quarter results Nov. 13 with the aim of calming investor' fears over the lingering Eurozone crisis.
Deutsche Telekom CEO Rene Obermann brushed aside the third-quarter €7.4 billion writedown on its T-Mobile USA business, and instead told investors that the company plans to spend €2.5 billion boosting its German network to support the growth in data traffic.
France Telecom (FT) CEO Stephane Richard predicted that the company will achieve €44 billion in revenue this year, ahead of a poll of analysts conducted by Bloomberg that had been forecasting 2012 sales of €43.4 billion.
Telefónica's posted a net profit for the third quarter thanks in large part to its successful Latin American operations, which offset poor performances from its European businesses.
Alcatel-Lucent reported weaker sales and a wider net loss in the third quarter, as executives said the company was considering asset sales to bolster its balance sheet.
Ericsson said its profit in the third quarter fell by 43 per cent as operators around the world curbed spending on network equipment.
Comcast reported third quarter 2012 earnings today, with results highlighted by the fact that the company's total number of video, broadband Internet and voice telephony customers has surpassed 50 million.