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Vodafone Group Plc FY26 Q&A Transcript
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Whilst we currently operate in a challenging market environment in Germany, I am confident that we are taking the right actions for the long-term health of the business. Turning to the UK, we are still less than a year ahead into our integration, but we have made significant progress. The latest independent tests have continued to show the considerable mobile network quality improvements we are delivering for our customers. We can see this feeding through to our results with step changes in both customer satisfaction and loyalty. We have also recorded our fastest ever year of home broadband customer growth with the largest gigabit footprint of any operator. This year is an important one for us in the UK. Not only have we announced that we will be taking full ownership of VodafoneThree, but we will also deliver the first meaningful cost and capex synergies. We will continue to drive revenue synergies with our multi-brand portfolio, unified store footprint, and significant cross-selling opportunities. As an example, just yesterday, we announced that we are bringing fixed wireless access to a further 3.7 million homes. Finally, on Africa, we continue to expand beyond connectivity as we run Africa's largest fintech platform with over 100 million users now and millions of merchants. We are really excited about the future in Africa with structural growth opportunities from population and customer growth, rising smartphone penetration, and growing data usage. Bringing all this back to our growth outlook. Our growth will be driven by our differentiated assets, strong market positions, and attractive opportunities across Europe, Africa, and B2B. After the transformation of the last three years, we are a simpler and stronger business. We have a clear strategy, and through continued execution of our priorities, we are well positioned for growth. Our confidence in our growth portfolio is reflected in our midterm ambition to deliver double-digit organic growth in Adjusted free cash flow. With that, Pilar and I are looking forward to your questions. — Margherita Della Valle, CEO Vodafone Group
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