The boom time for the telecoms industry returned to haunt Vodafone this week when it unveiled what is believed to be the biggest write-off in UK corporate history.

Mobile phone giant Vodafone warned today that its assets were overvalued by as much as £28 billion and its revenues growth was likely to slow.

Mobile phone giant Vodafone today indicated its run of multi-billion pound losses would end next year following a change in accounting rules.

Germany’s top banker and five co-defendants were acquitted of criminal charges today over payments to executives during a high-profile 2000 telecom takeover battle.

Vodafone’s former chief executive testified today that his company’s takeover in 2000 of mobile phone firm Mannesmann was determined purely by market pressures, and was not influenced by executive payments under scrutiny at the trial of the German mobile operator’s former head.

Mobile phone giant Vodafone is facing just one rival in the multi-billion pound race for US operator AT&T Wireless, it was reported today.

MOBILE phone giant Vodafone has remained tightlipped over a report that it is preparing to launch a $30 billion (E24 billion) bid for American mobile giant AT&T Wireless.

Mobile phone giant Vodafone today remained tightlipped over a report that it is preparing to launch a $30bn (€24.2bn) bid for AT&T Wireless.

Germany’s most powerful banker went on trial today accused of improperly approving large executive payments during a high-stakes takeover deal that has focused the nation’s attention on boardroom behaviour.

A German court has ordered five former officials of the Mannesmann mobile phone company to stand trial over their roles in the 2000 takeover of Mannesmann by Vodafone.

Mobile phone giant Vodafone today said it had made a ‘‘positive start’’ to its current financial year despite a fall in the size of its UK customer base.

Charges are likely soon following an inquiry into whether illegal payments were made in the takeover of German mobile phone company Mannesmann by British rival Vodafone, a lawyer for a top union official who is under investigation said today.

The FTSE 100 Index is up 30.5 points at 5166.8 after an hour's trading.

Telecoms giant Vodafone was today forecast to report the biggest losses in UK corporate history as it writes off between £15 billion and £25 billion following a buying spree during the telecoms boom.

The directors of Vodafone have to decide today if the company will be forced to substantially write-down the value of its larger acquisitions in recent years.

Mobile phone giant Vodafone may be forced to slash the value of recent acquisitions by billions of pounds.

Mobile phone giant Vodafone was today expected to write off up to £6 billion from acquisitions it made during the telecoms boom.

Analysts will be looking at the long-term prospects of Vodafone when it reveals its interim results next Tuesday.

Mobile phone giant Vodafone unveiled full year pre-tax profits of £4.03bn today after a period of rapid expansion worldwide.

Vodafone says it has passed its debt reduction target, after it sold its stake in Italian company Infostrada.