FY25 focus ⫶ e) Establish Vodafone Investments
Pillar
Investment
Focus
Ownership
Recent developments
• 2024 guidance re- iterated, up to €300m of shareholder distributions (pre non-recurring investments) • 5G spectrum auction complete (€57.5m) • Agreement to sell fibre & fixed EGW 1 assets to Vocus (AU$5.25bn) • Optus mobile network sharing agreement signed • Shareholding diluted following €2.2bn capital raise & allotments to vendors since March 2024 • €1.3bn sell down to achieve 50:50 effective ownership in Oak Holdings • €158m dividends received in H1 FY25
Netherlands converged operator
50.0%
Telco Operations
Australia converged operator
25.1%
India mobile operator
22.6%
European towers
44.7%
• Over 20 construction partners • Construction now in 21 cities
Germany FTTH
50.0%
Infrastructure
• >0.5m homes passed
Ireland FTTH
50.0%
• 18.0% stake sale (€1.7bn), proceeds used to substantially repay debt secured on shareholding in Indus & Vodafone Idea • 5 satellites unfurled and preparing for commercial operations • Current market value of investment c.US$0.3bn 2 (vs. US$60m invested)
India towers
3.0%
Direct-to-mobile low-orbit satellites
4.6%
• Partnership with Mastercard • Collaboration with ‘iot squared’ to drive IoT innovation • New venture driving new monetisation opportunities • Transaction expected to close in early 2025
Innovation
Economy-of-things
80.0%
Accelerating adoption & innovation of network APIs
API Alliance
c.5%
H1 FY25 results ⫶ November 2024
22
1. Enterprise , Government and Wholesale (‘EGW’) assets. 2. As at 11/11/2024.
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