Rabu, 23 Juli 2008

LONDON (AFP) - British mobile phone giant Vodafone on Wednesday said it planned to repurchase 1.0 billion pounds (1.3 billion euros, 2.0 billion dollars) worth of shares from current investors.

The announcement comes one day after the share price of Vodafone had closed down almost 14 percent on a warning that the groups full-year sales would disappoint the market.

"The board of Vodafone Group has considered the market reaction to the groups interim management statement, issued on 22 July 2008, and has decided to introduce a one-billion-pound share repurchase programme with immediate effect.

"This action reflects the boards belief that the share price significantly undervalues Vodafone," said a company statement.


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