Vodafone quarterly revenue up 14 percent .hurriyet2008-detailbox-newslink { font-family: Arial, Helvetica, sans-serif; font-size:13px; font-weight:bold; text-decoration:none; color:#000000;} .hurriyet2008-detailbox-newslink:hover { font-family: Arial, Helvetica, sans-serif; font-size:13px; font-weight:bold; text-decoration:underline; color:#990000;} LONDON - Mobile phone service provider Vodafone said yesterday its revenues rose 14 percent in the last three months of 2008 compared to the same period a year earlier, led by a 28-percent gain in its Asia, Pacific and Mideast operations.

The company, headquartered in Newbury, England, reported revenue of 10.47 billion pounds ($15 billion) for the three months ending Dec. 31, Vodafone's fiscal third quarter. Vodafone also upgraded its full-year revenue forecast by about 4 percent to reflect the falling value of the British pound.

Third-quarter revenue rose 15 percent in Europe, driven by foreign exchange movements, and 6 percent in Africa-Central Europe. The pound has fallen sharply against the euro, which magnifies euro-zone sales when the figures are reported in pounds. Service revenue rose 12 percent at Verizon Wireless, Vodafone's joint venture with Verizon in the United States.

"Vodafone is not immune to the wider economic challenges and parts of its European operation are beginning to feel the strain," said Richard Hunter, an analyst. The company's share price rose 8 percent in a period when the FTSE-100 index fell by 8 percent, Hunter noted. "Even so, the positive outlook has further bolstered the share price, with the general market view continuing to tend towards the positive as Vodafone displays its prowess."