Travel Reference
In-Depth Information
In 2013 Vodafone posted scorching £1.8 billion losses on its Spanish and Italian operations. While a na-
tion's mobile phone bill might not be the last word in financial modelling, Italy has the highest mobile
penetration in Europe (90.5% of 11 to 74 year olds) and that's an awful lot of people who simply can't af-
ford to spend what they used to.
