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"Our results continue to reflect very difficult market conditions in Europe, " said chief executive Vittorio Colao.
BBC: Vodafone's Europe revenues see steep falls
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Vittorio Colao, Vodafone's CEO, said his company would restore text-messaging services in Egypt when it was authorized.
WSJ: Egypt Intrudes on Mobile Operators
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Sarin, 53, is being replaced by his second in command, Vittorio Colao , who currently runs Vodafone's European operations.
FORBES: Sarin The Survivor Steps Down
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Vodafone CEO Vittorio Colao has made it obvious that he's eager to sell off its non-controlling stakes in other operators.
ENGADGET: Bloomberg: Verizon seeking to end Vodafone partnership through merger or buyout
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My strong sense is that the executives, led by the chief executive, Vittorio Colao, would prefer a conventional merger with Verizon rather than the sale to Verizon of its most valuable asset.
BBC: Why break up bid for Vodafone looms
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Gidley-Kitchin believes Vodafone's reported interest in T-Mobile U.K. is illustrative of the strategy of its new, pragmatic chief executive, Vittorio Colao, who's business plan is focused on cash flow more than strategic growth.
FORBES: Magazine Article