Vodafone : A major mess!

The other day I was going through an article about the recent loss of vodafone for the year 2005. Vodafone announced a net loss of about $41 billion, which has almost shook the telecom world. Arun Sarin the Chief Executive is still optimistic about Vodafone's rise in the next 3 years and here is what Arun Sarin says "outperforming its challengers in an increasingly challenging marketplace". What does he mean by that statement, on one side investors in Vodafone are almost half dead and Mr.Sarin is still having hopes even after such a mammoth loss? Also investors are persuading Arun Sarin to sell the 45% stake in Verizon Wireless, but Mr.Sarin says he is content to keep it. On the other hand Sarin is planning to cut 400 jobs from the British headquarters and outsource most of its IT and in turn save $377 million by 2007. I n order to plant his faith among his investors Sarin has increased the dividend by 49% and announced to return $17 billion in cash to shareholders. Vodafone's market status can be checked here.