FY25–26 Spend: ‘invest or die’ at Vodacom, Vodafone keeps things flexible

Joe Purnell2026-05-19T14:34:00

Source: Vodafone

Vodacom CEO Shameel Joosub sees no need for nuance in justifying capex plans; Vodafone’s Margherita Della Valle is more measured as capital intensity programme builds in flexibility and future investment even as network outlay tapers in key markets.

This article includes:

Themes: Capital expenditure (capex); Cost optimisation; Infrastructure investment; Telecommunications strategy; Value creation.
Events: Vodafone and Vodacom FY25–26 earnings.
People: Margherita Della Valle; Pilar López; Shameel Joosub.
Geographic: Africa; Europe; South Africa; United Kingdom (UK).
Organisations: Vodacom; Vodafone; VodafoneThree.

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