New York Times: Beyond the big loss at Vodafone

Vodafone records the largest loss in British history — yet its stock jumps higher on the news. Other revenues are anticipated:

Another cause for hope is that the next wave of service enhancements, the so-called third generation, may be near. Repeated delays in Europe in introducing these services, such as data and video transmission, have contributed to the stock-price declines for wireless phone companies’ stocks.

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