Vodafone takes fight to BT

Telecoms giant Vodafone has vowed to take on BT in the broadband and television market.

Vodafone is to enter the consumer broadband and television markets next year. The mobile giant announced the move with its first-half results, which revealed an uptick in revenue to £20.7bn for the six months to the end of September, against £19bn the previous year.

It marginally upgraded its full-year profit forecast to £11.6bn. The shares rose by 6% on the news.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.