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Vodafone Hikes Forecast, Sells Assets

By Market News Video Staff, Tuesday, November 9, 8:54 AM ET

Vodafone Group (NASDAQ:VOD), hiked it full-year earnings forecast today, and announced asset sales, including the sale of its interests in Softbank for $5 billion.

Vodafone is the largest mobile operator in the world in terms of revenue, and is a 45% joint partner in Verizon Wireless with Verizon Communications (NYSE:VZ).

Vodafone is the top holding in the Vanguard European ETF (AMEX:VGK), at 11.95% of the total portfolio. HSBC (NYSE:HBC) is next, with 8.25% of the fund, followed by BP (NYSE:BP), Aegon (NYSE:AEG) and Telefonica (NYSE:TEF).

Vodafone is also the top holding in Vanguard’s Europe Pacific (AMEX:VEA) ETF.

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This Article's Word Cloud:   AMEX   Aegon   Communications   Europe   European   Group   HSBC   NASDAQ   NYSE   Pacific   Softbank   Telefonica   Vanguard   Verizon   Vodafone   Wireless   also   announced   asset   billion   earnings   followed   forecast   full   fund   hiked   holding   including   interests   joint   largest   mobile   next   operator   partner   portfolio   revenue   sale   sales   terms   today   total   with   world   year
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