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Monday, May 12, 2014

Anite says 4G rollout sparks recovery in handset business, (NASDAQ: VOD)

Anite Plc said it expects a better opening half of the current financial year as the rollout of 4G networks boosts demand for handset-testing services used by customers such as Samsung Electronics Co Ltd and Vodafone Group Plc.Anite's shares rose more than 10 percent on Monday morning, making the stock one of the top percentage gainers on the London Stock Exchange.The company said its handset-testing business had a "strong" final quarter of the year, with revenue broadly in line with the same period a year earlier. This would enable it to meet its full-year expectations on revenue and adjusted operating profit."... We are more encouraged by prospects for Handset Testing for the first half of the new financial year compared to those experienced last year," Chief Executive Christopher Humphrey said in a statement.

Vodafone Group Plc (Vodafone), is a mobile communications company. Shares of VOD fell by 0.68% or $-0.26/share to $38.00. In the past year, the shares have traded as low as $27.54 and as high as $42.14. On average, 10164700 shares of VOD exchange hands on a given day and today's volume is recorded at 6489960.



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