ECONOMY

Cell phone sector feels the pinch

Revenues in Greece’s mobile phone market have fallen in 2009 by 10 percent from last year, Vodafone Greece Chairman Nicolaos Sophocleous said yesterday. «The market has dipped 10 percent so far. Between 350 million and 400 million euros have disappeared,» Sophocleous told reporters. As the crisis bites deeper into the Greek economy, harming private consumption, the mobile phone sector has seen revenues hurt by lower roaming fees and an increase in government taxes on phone bills, upping user costs. In a bid to increase its market share, the mobile phone provider yesterday unveiled its new Vodafone 360 service, which lets users access and integrate social networking websites, such as Facebook and Twitter, on their handsets. Along with eight other countries, including the United Kingdom, Italy, Germany and Ireland, Vodafone Group will introduce the product in Greece by the end of the year. Other countries will follow in 2010.