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Vodafone upgrades VodafoneThree cost target to £1 billion per annum by FY32
VODVodafone Group Public Ltd Co
Vodafone Group upgraded the annual cost saving target for its UK joint venture, VodafoneThree, to £1 billion per annum by fiscal year 2032, up from a previous target of £700 million by fiscal year 2030. The company also outlined new financial ambitions including mid-to-high single digit Adjusted EBITDAaL growth and operating free cash flow more than tripling by FY32 compared to FY25 levels. These targets are supported by an £11 billion network investment plan aimed at building the UK's best 5G standalone infrastructure. Vodafone operates as a leading European and African telecommunications company serving mobile and broadband customers across multiple countries.