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Vodafone Lifts Annual Cost Saving Target for VodafoneThree Unit

MT Newswires·10/08/2026 05:31:54
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05:31 AM EDT, 10/08/2026 (MT Newswires) -- Vodafone Group (VOD.L) raised the annual cost-saving target for UK mobile operator and broadband provider VodafoneThree to 1 billion pounds sterling by 2032, from 700 million pounds by 2030. The upgrade is driven by further savings as the British telecommunications group's network is completed and rationalized, as well as by the benefits of its full ownership of the unit, which it part-owned until July, according to a Thursday release. Vodafone, which set out its strategy and growth ambitions for the UK, also sees significant potential for additional revenue synergies.