Vodafone soars on smartphone sales

Vodafone’s smartphone offerings have given the company a leg up in the revenue ratings.

The network operator today said that it managed to rake in revenues of £5.28 billion  following 991,000 new contracts being signed from March 31 2010 to the same period this year.

It also announced (PDF) earnings before interest, taxes, depreciation, and amortisation (EBITDA) as being up, rising from £1.14 billion from the £1.23 billion in 2010, while annual operating profits rose to £348 million from £155 million in March 31 2009.

In continental Europe the company hit group service revenues of £30,097 million, a 3.4 percent increase from the year before, while its Africa, Middle East and Asia Pacific arm saw a 20 percent growth to £12,292 million.  

Its global results also reflected a success rising up 3.2 percent to £45.9 billion. The rise was attributed to Verizon, which saw a revenue rise of 5.8 percent. This in turn boosted profits by 8.5 percent) to £4.6 billion.

However, Verizon also bled the company with Vodafone admitting to having to adjust operating profits by £12.2 billion which it attributed to iPhone launch costs

And not only did smartphones boost the companies profits, but data. Our downloading and uploading helped this part of the company earn itself £5.1 billion for the period.

And it seems there’s more good news for mobile phone companies today with 4G Chipmaker Sequans Communications getting cosy with Ericsson.

The deal announced at the LTE World Summit in Amsterdam will mean that the pair will begin working on developing and maturing TD-LTE technologies.

However Ericsson isn’t Sequans only bedmate, with the company also working with Nokia Siemens Networks, Huawei, Alcatel-Lucent and ZTE on LTE technology.