Vodafone Group Plc chief executive Arun Sarin says a switch to international accounting rules will allow the world’s biggest mobile-phone operator to book a profit next year after losses of £48.1 billion ($93bn) since 2000.

VODAFONE Group, in which many former eircom investors hold shares, may raise its dividend by 20%, easing investor concern that chief executive Arun Sarin’s expansion strategy may hurt shareholder returns.

Vodafone bosses have awarded themselves a massive pay boost, with the group's chief executive winning a 407% pay rise.