Company’s 18 million UK mobile customers face 14% rise in mid-contract increases next spring
Vodafone has warned of price rises for UK customers and job cuts as the telecoms company launched a €1bn-plus (£879m) cost cutting plan to cope with soaring energy bills and inflation.
It said consumers would have to accept higher bills as it could not cover all its cost increases through a new multi-year cuts plan. It also lowered annual profit guidance in light of a €300m year on year rise in energy costs across the business.
Company’s 18 million UK mobile customers face 14% rise in mid-contract increases next springVodafone has warned of price rises for UK customers and job cuts as the telecoms company launched a €1bn-plus (£879m) cost cutting plan to cope with soaring energy bills and inflation.It said consumers would have to accept higher bills as it could not cover all its cost increases through a new multi-year cuts plan. It also lowered annual profit guidance in light of a €300m year on year rise in energy costs across the business. Continue reading…
