Saturday, 22 July 2017

Voda unveils £7bn capex plan as Europe weighs on 1H results

By Mary Lennighan, Total Telecom
Tuesday 12 November 13

U.K.-based mobile operator details Project Spring, sees improving regulatory and business climate.

Vodafone on Tuesday revealed that it will spend £7 billion to strengthen its networks and other areas of business, primarily in Europe. The announcement came alongside the presentation of the mobile operator's first-half results, which showed continued weakness at its European operations once again offsetting growth elsewhere. Nonetheless, the company presented an upbeat view of the market, including the regulatory environment across its operations, and reiterated its guidance for the full year. "We plan to invest approximately &pound…

Vodafone on Tuesday revealed that it will spend £7 billion to strengthen its networks and other areas of business, primarily in Europe. The announcement came alongside the presentation of the mobile operator's first-half results, which showed continued weakness at its European operations once again offsetting growth elsewhere. Nonetheless, the company presented an upbeat view of the market, including the regulatory environment across its operations, and reiterated its guidance for the full year. "We plan to invest approximately &pound…

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