Overview

• VodafoneThree reported group revenue of €9.4bn in the first quarter, up 3.9%, while organic adjusted EBITDAal rose 4.9% to €2.7bn.
• UK revenues climbed 14.5% year on year to €1.93bn, reflecting the consolidation of Three UK into VodafoneThree.
• Network integration has delivered up to 40% faster 4G speeds to around seven million customers and is on track to eliminate 16,500 square kilometres of mobile dead zones by year-end.
• The Three brand will be phased out for business customers over the course of the year as Vodafone maintains a multi-brand strategy for consumer services.
• VodafoneThree reiterated full-year guidance of €11.3bn–€11.6bn in adjusted EBITDAal and €2.4bn–€2.6bn in free cash flow, and reaffirmed its decade-long £11bn 5G investment commitment.