Vodafone takes £4 billion writedown on European weakness

LONDON (Reuters) - Mobile operator Vodafone wrote down the value of its assets by 4 billion pounds ($6.3 billion) and cut its medium-term sales target on Tuesday, as the debt crisis hit customers in southern Europe, forcing them to save money on phone calls.

Related Stories

• With Mubarak gone, Egyptians vote freely for leader
• Facebook, banks sued over pre-IPO analyst calls
• Spain bails out Bankia, seeks plan for troubled regions
• Euro zone looks at Greek exit as leaders meet
• Spain struggles to meet regions' 36 billion-euro debts

View the original article here