Vodafone looks to slash cost base with £560m outsourcing deal
Vodafone is going to start outsourcing software devolpoment functions to EDS and IBM, therefore hoping to reduce its cost base.
However, 6300 staff will be effected with a large number of them being external contractors.
"The outsourcing deal forms one part of Vodafone's strategy to offset pressure on its traditional revenue base in mature markets such as the UK, Germany and Italy.
The company has restructured its tariff structure in those regions and put plans in place to offer broadband internet services to its customers to protect its existing revenue base."
Vodafone has also invested in markets assets in Turkey, Africa and India to increase revenue growth.
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However, 6300 staff will be effected with a large number of them being external contractors.
"The outsourcing deal forms one part of Vodafone's strategy to offset pressure on its traditional revenue base in mature markets such as the UK, Germany and Italy.
The company has restructured its tariff structure in those regions and put plans in place to offer broadband internet services to its customers to protect its existing revenue base."
Vodafone has also invested in markets assets in Turkey, Africa and India to increase revenue growth.
To view the full article click here
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