Profits dip unexpectedly at Vodafone’s Swedish unit...

30 Jan 2003

Europolitan Vodafone, Sweden’s third largest mobile phone operator, said profit in the three months to 31 December 2002 dipped unexpectedly due to increased costs for marketing picture messaging services. Net income fell to SEK326 million (USD38 million), from SEK339 million in the corresponding period of 2001, far short of analysts’ forecasts of SEK365 million.