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TelcoX EMEA Leadership & Performance Study

Vodafone: strong start to year adds traction to ‘new chapter’ growth narrative

Joe Purnell2026-08-03T13:09:00

vfw249-q1 intro

Source: Vodafone

Q1 FY26–27 overview: Vodafone has delivered one of its strongest quarterly updates in recent years, buoyed by Africa consolidation and improving conditions in key European markets, prompting management to raise FY guidance and talk with increasing confidence about a ‘new phase’.

This article includes:

Themes: Africa growth; Earnings guidance upgrade; Fixed broadband recovery; Multi-year growth; Network investment; Operational turnaround; Revenue growth; Service revenue growth; Strategic transformation; Telecoms growth markets.
Events: Vodafone Group Q1 FY26–27 results.
People: Margherita Della Valle.
Geographic: Africa; Germany; Kenya.
Organisations: Safaricom; Vodacom; Vodafone Group.

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