Business Services Industry
British mobile phone services Cable & Wireless, Vodafone see different results.
Knight Ridder/Tribune Business News, November, 2004
Daily Mail, London Knight Ridder/Tribune Business News
Nov. 11--The return of Cable & Wireless to profit, new cost reductions and a share buyback to boot was enough to send the telecom group's shares racing ahead in latest trading.
In contrast Vodafone, the most important growth stock in the Footsie, received no lift from its long-awaited 3G launch.
Investors still have real questions as to whether the world's biggest mobile operator will ever recoup the 20 billion pounds or so it sunk into the network.
Vodafone has lost ground already in Japan where its 3G launch has lagged behind competitors.
Still, the possibility of buying into a phone system that could render MP3 players obsolete with its CD-quality sound is...
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