Vodafone Stock Jumps Back Into Focus as €500m Buyback Starts and Q3 Sales Climb
Vodafone launched a €500 million share buyback and reported a 6.5% rise in Q3 revenue to €10.5 billion, led by Africa and Turkey gains offsetting German weakness. Service revenue rose 7.3% to €8.5 billion, but operating profit fell 52.7% to €0.5 billion. The company reaffirmed its full-year profit and cash flow targets.