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    Recession hits mobile phone company Vodaphone

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    euronews (in English)

    by euronews (in English)

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    Vodaphone has written down the value of its business in Spain and Italy by almost seven and a half billion euros.

    The British based company has also lowered its cash flow forecast as southern Europeans locked in recession have cut back on using their mobile phones.

    ...
    http://www.euronews.net/