Vodafone net up on Turkey

Bloomberg

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Earnings before interest, taxes, depreciation and amortization in the 12 months to March increased to 14.5 billion pounds ($22.3 billion), from 13.2 billion pounds the previous year. Sales rose 16 percent to 41.02 billion pounds, Vodafone said in a statement yesterday.

Vodafone expanded in emerging markets in the past two years with acquisitions in Turkey, India and Ghana to make up for slower growth in Europe. The company had purchased Turkey’s Telsim for $4.55 billion in 2006.