Vodafone to keep cutting costs, shedding jobs — raises ‘efficiencies’ goals and guidance

Joe Purnell2026-08-03T13:07:00

Source: Li Zhang / Unsplash

Q1 FY26–27 spend & guidance: EBITDAaL outlook upgraded despite M&A integration costs, reflecting confidence in reshaped portfolio in both Europe and Africa, supported by amping-up of widescale efficiencies programme beginning to generate tangible benefits, including job cuts.

This article includes:

Themes: Adjusted EBITDA after leases (EBITDAaL); Acquisition integration; Capital allocation; Cost reduction; Earnings guidance; Free cash flow (FCF); Mergers and acquisitions (M&A); Operational leverage; Organisational simplification; Portfolio optimisation; Revenue growth; Synergies.
Events: Vodafone Group Q1 FY26–27 earnings.
People: Margherita Della Valle.
Geographic: Africa; Egypt; Ethiopia; Europe; Germany; Kenya; Romania; United Kingdom (UK).
Organisations: Safaricom; Skaylink; Telekom Romania Mobile Communications (TRMC); Telecom Egypt; Vodafone; Vodafone Business; Vodafone Egypt; Vodafone Romania; VodafoneThree; Vodacom.

This is TelcoTitans Professional Subscription content. Subscribe now.

Already a subscriber? Sign in here, or contact us to check if your company has access.

Become a TelcoTitans Professional Subscriber

Read this article and get full access to all TelcoTitans premium telco and digital infra content by subscribing today.

TelcoTitans Professional subscriptions include:

Full access to all TelcoTitans online news, insight and analysis, including Professional-only and deep-dive content on leading tier-1 telcos
Professional-only premium weekly CSP briefings and newsletters
Industry-leading insight and analysis that you simply cannot get anywhere else

“Super intelligence, consistently high quality, compact and easy to digest” – Deloitte.

Subscribe to TelcoTitans Professional today