WATCH: Vodafone raised the floor of its full-year earnings guidance to at least $17.3 billion, and increased its free cash flow target to $6 billion after reporting a better-than-expected growth in earnings in its first half
Mobile phone company raises floor of earnings guidanceShares rise 6%
"Our strengthened performance in Africa and Europe puts us on track to be at the top end of our guidance for this year, as well as firmly within our medium-term financial ambitions," he said. The Vodafone logo is seen at the Mobile World Congress in Barcelona, Spain, February 28, 2018. REUTERS/Sergio PerezOrganic service revenue grew in both Germany and Britain, but fell in Italy, and declined in Spain after growth in the first quarter evaporated in the second.
"I definitely feel consolidating from five to four is very logical without any punitive remedies," he told reporters, adding that the company was to that end talking to the European Commission and member states as well as Britain and countries in Africa where it operates.
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