Vodafone Highlights Three UK Integration and Financial Goals at AGM
At its annual general meeting in London, Vodafone outlined progress on integrating Three UK into what it now calls the U.K.'s largest mobile operator. The company plans to invest €11 billion over several years to upgrade networks and achieve 95% nationwide 5G coverage by fiscal 2027. Vodafone also emphasized its financial strategy, including a return to dividend growth for the first time since 2018 with an annual total of €0.046 per share recommended. The company has completed €4 billion in buybacks over two years and expects adjusted free cash flow to grow by 20% annually through fiscal 2027, reaching the upper end of its guidance. In addition, Vodafone is pursuing cost synergies from the Three UK merger—€700 million expected over five years—and advancing satellite connectivity with AST SpaceMobile. The company also highlighted cautious AI deployment and human oversight in network operations.