Q1 spend: Vodafone stays the course on capex total and mix

Joe Purnell2025-07-31T08:36:00

Source: Vodafone

Q1 FY25–26: market by market capital allocation untouched, and management ‘very happy’ with current setup’s capacity to leverage strengths. Asset sales in Europe has given the Vodafone ‘strategic flexibility’, which may open options for greater investment under the next CFO…

This article includes:

Themes: Capital intensity; Strategic investment; Organic growth; Inorganic opportunities; Capex allocation; Share buybacks; Financial flexibility; Market prioritisation; CEO/CFO transition; Shareholder returns.
Events: Vodafone Q1 FY25–26 results; Vodafone Italy and Spain divestments; Share buyback programme.
People: Margherita Della Valle; Luka Mucic; Pilar López.
Geographic: Germany; United Kingdom; Africa; Turkey; Other European markets.
Organisations: Vodafone Group; Vodafone Germany; Vodafone UK.

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