Vodafone's portfolio simplification (Italy sale to Swisscom, Spain divestment, Three UK merger approval) has reset the cost base and reduced leverage materially. Germany remains the largest earnings driver but faces continued cable TV customer attrition. Africa (Vodacom, Safaricom) provides structural growth and is potentially separable. Dividend rebase has cleared the overhang; capital allocation discipline is the new equity story.
Thesis reviewed May 29, 2026
Vodafone Group PLC is headquartered in United Kingdom, which is currently showing elevated risk signals.
🇬🇧United Kingdom78ENTRYView United Kingdom risk detail →📡Telecom30NEUTRAL| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| VOD | Vodafone Group PLC | 34 | +9% | ↑1% | NEUTRAL |
| ERIC | Telefonaktiebolaget LM Ericsson | 34 | +5% | ↑1% | EARLY |
| T | AT&T Inc. | 34 | +2% | ↑1% | NEUTRAL |
| ORAN | Orange S.A. | 34 | +1% | ↑1% | NEUTRAL |
| CHA | China Telecom Corporation Ltd | 34 | +8% | ↑1% | NEUTRAL |
| TEF | Telefónica, S.A. | 34 | 0% | ↑1% | NEUTRAL |
| NOK | Nokia Oyj | 34 | +1% | ↑1% | NEUTRAL |
Investors who hold VOD may also have indirect exposure through these country funds.
CMA approves Vodafone-Three UK merger with network commitments
Vodafone Germany returns to service revenue growth in Q1 2026
Estimates · Yahoo Finance · Not audited figures