Vodafone Drops on Network Investment Plan’s Cash Flow Hit
- CEO has been spinning out business units such as Vantage
- Organic service revenue rose 0.8% in the fourth quarter
Photographer: Chris Ratcliffe/Bloomberg
This article is for subscribers only.
Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.
Vodafone Group Plc shares fell as much as 8.3% after Chief Executive Officer Nick Read’s strategy showed higher capital expenditure on network investments will hit free cash flow.