Vodafone hints at bigger shareholder returns

28 Sep 2004

UK mobile operator Vodafone yesterday said that its ongoing attempts to cut costs and streamline its product portfolio should boost its annual cashflow by around GBP2.5 billion by the end of March 2008. The cellco is almost half way through its ‘Vodafone One’ global integration scheme, under which it plans to cut its annual capital expenditure by GBP1.4 billion via a number of initiatives including the establishment of global handset procurement deals. The operator is also aiming to boost revenues by around GBP1.1 billion a year through reducing its time to market with new products and services.

United Kingdom, Vodafone UK