Vodafone Group Public Limited Company (VOD) Q2 FY26 earnings call

Vodafone reported a solid first half for FY26, marked by accelerated service revenue and EBITDAaL growth, driven by strong performance across Europe and Africa. The company completed its strategic reshaping with the UK-Three merger and Telekom Romania acquisition, positioning it for sustainable growth. Management confirmed full-year guidance at the upper end of the range and announced a progressive dividend policy, underscoring confidence in future cash flow generation. Operational execution in Germany and the U.K. is progressing well, with a focus on customer experience, network investment, a