16
Vodafone Group Plc
Deutsche Numis
Goldman Sachs
New Street Research
Bank of America Merrill Lynch
BNP Paribas Exane
Bernstein SocGen
Kepler Cheuvreux
Forward-looking statements
Barclays Citigroup
Berenberg JP Morgan
You have talked about Vodafone investments briefly and our associate portfolio. As you know, we have been quite busy in the first year of the Vodafone investments team coming together. We have significantly cleaned up our structure in India. We have moved forward with a fixed transaction in Australia. We have done the further sell-down of Vantage Towers shares. We have seen appreciation, very nice appreciation in some of the less focused investments that we have, in particular in the satellite space where investment in AST is currently worth €650 million plus, which you obviously do not see in any sum of the parts valuation. We are very happy with how the portfolio has developed. This is an area where we will continue to look for opportunities for value creation. I would not certainly rule out that there could be further value accretive transactions in this space. However, there is also nothing now immediately imminent.
Margherita Della Valle Vodafone Group
Thank you very much for your time today and hope some of you at least can enjoy a good summer. Thank you.
Luka Mucic Vodafone Group
Thank you very much.
[END OF TRANSCRIPT]
Powered by FlippingBook