VodafoneThree raises cost-cutting target to £1bn after merger
FROM THE PUBLISHER
Vodafone has hiked its UK cost-saving target to £1bn a year as the telecoms giant looks to boost profits following its merger with Three. The FTSE 100 company said on Thursday it now expects VodafoneThree to deliver £1bn in annual savings by 2032, up from its previous target of £700m by 2030. The upgraded target comes just over two months after Vodafone completed a £4.3bn buyout of CK Hutchison’s remaining 49 per cent stake in…
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