After 22 years of stonking growth, Vodafone is acknowledging that the wireless telecommunications industry has run out of steam.
Vodafone is expected to tell investors this week that its UK and German businesses are flat after a 22 run of uninterrupted growth.
Revenues for 2007 are estimated to be around the £5-5.1bn mark, about the same as the £5bn revenues recorded for 2006.
Started in 1985, Vodafone became the most valuable company quoted on the London Stock Exchange but failed to make the transition from voice to data.
Only around ten per cent of its revenues come from 3G which was supposed to be the data growth driver.
Vodafone execs are trying to buy growth by investing in emerging markets, like India, where subscriber numbers are still rising.
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