Vodafone raised its full-year earnings before interest, taxes, depreciation, and amortisation after leases forecast to between 13.2 billion euros (US$14.8 billion) and 13.4 billion euros (US$15 billion) for the year ending in March after cutting costs and jobs.

Vodafone, a UK-based telecommunications company, has been restructuring under chief executive Margherita Della Valle.

The effort included more than 3,000 job cuts in Europe in the first half and portfolio changes, including an 8 billion euros (US$8.96 billion) sale of Vodafone Italy to Swisscom.

In the UK, Vodafone completed its merger with Three after the deal was cleared subject to legally binding commitments.

In Germany, Vodafone is still dealing with a 2024 regulatory change to housing-association cable TV arrangements that hit multi-dwelling-unit contracts and cost the company customers.

Outside Europe, Vodafone has relied on its African operations, where service revenue grew faster than the group average despite foreign-exchange pressure.

🔗 Source: Bloomberg