Vodafone CFO: We are investing to capture growth opportunity

FILE PHOTO: Vodafone branding is seen outside a retail store in London November 12, 2013. REUTERS/Toby Melville/Files

LONDON (Reuters) - Vodafone said it would increase investment in the mid-term because it saw growth opportunities in its markets in Europe and Africa.

"We are investing more because we see growth," Chief Financial Officer Margherita Della Valle told reporters on Tuesday.

"In our mid-term guidance we are calling out growth in both Europe and Africa in revenue, and then growth in EBITDA and also growth in free cash flow going forward.

"So we have decided to reinvest this growth to accelerate further our trajectory into the mid term."

(Reporting by Paul Sandle)

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3


Next In Tech News

Qualcomm unveils new chips to power smart shopping carts, remote work
Ceiling-mounted Covid 'alarm' warns if someone in a room is infected
Just joined Twitter? Stay focussed, encourage debate and other tips
Bitcoin falls 7% to $35,431.15
PayPal overhauls U.S. rates as payments rivalry heats up
German state of Bavaria in talks with Intel on chip megafactory
Exclusive: Google's adtech business set to face formal EU probe by year-end - sources
Subaru to temporarily shut its plants in July due to chip shortage
Can AI predict how sick you’ll get from Covid-19? Scientists think so
Ferrari, Amazon's AWS enter agreement on data

Stories You'll Enjoy