Strong Financial Performance
Group service revenue growth accelerated to 5.8% in Q2, supported by growth across Europe and Africa. Group EBITDAaL grew by 6.8% in the first half, with nearly all markets posting EBITDAaL growth. The company expects to close the year at the upper end of the growth guidance.
Operational Achievements in Key Markets
In Germany, the 5G stand-alone network covers over 90% of the population, serving over 40 million customers. In the U.K., Vodafone is the largest mobile operator with almost 30 million customers, and the fastest-growing broadband provider, with the largest gigabit footprint.
Successful Mergers and Acquisitions
Completed the merger of Vodafone and Three in the U.K. and the acquisition of Telekom Romania's assets. Also announced the acquisition of a cloud service specialist in Germany.
Strong Performance in Emerging Markets
Significant growth in African markets with double-digit EBITDAaL growth. Turkey also showed mid-teens service revenue growth in hard currency due to strong digital capabilities and cost management.
Progressive Dividend Policy
Announced a move to a progressive dividend policy, expecting an initial 2.5% growth and intentions to grow the dividend over time.