Vodafone said it is pursuing several “live” deals in the European telecoms market as the FTSE 100 group warned that inflation would be a drag on its performance this year.
The mobile operator has been under pressure from shareholders to ditch weaker businesses and lead efforts to consolidate European markets where it faces fierce competition.
The group’s pledge on Tuesday came alongside results that showed both revenues and profits crept higher in the 12 months to the end of March. Revenues rose 4 per cent to €45.6bn, just exceeding analysts’ expectations, while a 5 per cent increase in core earnings to €15.2bn matched forecasts.
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