25th Sep 2014 05:58
LONDON (Alliance News) - Vodafone Group PLC has admitted it will delay decisions on entering the home broadband and television market until BT Group PLC launches its consumer mobile offering, the Telegraph reported Wednesday.
BT is looking to re-enter the consumer mobile market early next year, a move that is expected to significantly undercut rivals who offer package deals for households.
This will put BT in more direct competition with Vodafone, and this could threaten the turnaround strategy of Vodafone's UK Chief Executive Jeroen Hoencamp, who is targeting a return to revenue and profits growth within 18 months, the report said.
http://www.telegraph.co.uk/finance/newsbysector/mediatechnologyandtelecoms/telecoms/11119260/Vodafone-braced-for-BT-attack-on-mobile-market.html
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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