Branding for Vodafone is seen on the exterior of a shop in London, Britain, September 10, 2015. REUTERS/Toby Melville
LONDON: Vodafone Group Plc promised to increase free cashflow by 23% to about 5 billion euros (US$5.5bil) this year and continue growing its dividend after splitting off its money-losing Indian operation into a joint venture.
The world’s second-largest mobile-phone carrier gave the forecast while releasing fourth-quarter results yesterday that met analysts’ estimates, though writedowns in India dragged Vodafone into a loss for the year ended March 31.
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