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COPYRIGHT 2006 Ziff Davis Media Inc.
LONDON (Reuters)--Mobile phone giant Vodafone unveiled plans to return an extra 3 billion pounds ($5.6 billion) to investors and hiked its dividends on Tuesday, spicing a well-flagged new strategy to cut costs and embrace new technology.
The British-based firm, under pressure from slowing growth in Europe and rivals with new technologies that link mobile and fixed-line devices, said it was paying out 60 percent of earnings in dividends and would keep future payouts high.
The extra cash for investors helped to overshadow Vodafone announcing the biggest loss in UK corporate history as a result of accounting writedowns, as well as details of...
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