LONDON, Jan 27, 2026, 08:56 GMT — Regular session
- Vodafone shares slipped roughly 0.3% in early trading, pulling back after hitting a new 52-week peak on Monday
- Vodafone Business has inked a four-year deal with Centrica to provide workplace services and connectivity.
- Vodafone announces additional share repurchases under its ongoing buyback programme
Shares of Vodafone Group Public Limited Company (VOD.L) slipped 0.3% to 104.2 pence by 0841 GMT, pulling back from Monday’s 52-week peak at 105.6 pence. Early trades saw the stock fluctuate between 104.0 and 104.5 pence. 1
Investors are probing whether Vodafone can translate a string of operational updates into more consistent cash flow and fewer surprises. With core mobile markets maturing and driven by pricing, deals that boost business services revenue carry greater weight.
There’s a more straightforward reason this week is crucial: Vodafone’s shares hover close to a peak. When a stock is priced for growth, traders zero in on the specifics — the pace of new contract rollouts, their delivery costs, and the impact on margins.
Vodafone announced a four-year strategic deal with Centrica (CNA.L), the parent company of British Gas and Hive, through Vodafone Business, VOIS (Vodafone Intelligent Solutions), and IT services provider CGI. The contract covers fixed and mobile services plus IT “end-user compute” support across 80 UK locations and 30,000 devices. Vodafone also plans to deploy generative AI (“GenAI”) and machine learning to automate parts of Centrica’s operations. Nick Gliddon, a business director at VodafoneThree, described the partnership as “a catalyst for real change.” Financial terms were not disclosed. 2
Vodafone revealed it repurchased 2,570,142 ordinary shares on Jan. 26 at a volume-weighted average price of 104.82 pence each. The firm plans to keep these shares in treasury. 3
UK enterprise connectivity and IT outsourcing is fiercely competitive. BT’s EE and Virgin Media O2 hold strong positions, but securing contracts often leads to lengthy handovers, renegotiations, and the usual scope creep.
Vodafone faces the risk that execution will drag on beyond the initial projections. Major workplace and IT overhauls often run behind schedule, and automation efforts tend to require significant upfront investment before delivering returns—particularly with customers demanding cheaper bills.
Vodafone’s next major date is Feb. 5, when it will release its third-quarter trading update. That day also marks the scheduled interim dividend payment, according to the company’s financial calendar. 4
