Vodafone’s outgoing group chief executive has described the substantial strategic progress made by the company following last week’s tie-up with Liberty Global in Germany and the CEE.
Vittorio Cola said the deal, which is likely to face regulatory challenges would transform the Group into Europe’s leading next generation network owner.
Group operating profit was up 15.4% to €4.3 billion; while profit for the year stood at €2.8 billion.
Total revenues were down 2.2% to €46.6 billion, following the deconsolidation of Vodafone Netherlands.
In January, Vodafone began the rollout of its Gigabit Investment plan with the rollout of a 1Gbps internet access based on cable standard DOCSIS 3.1 in the Bavarian region Landshut and Dingolfing.
