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Vodafones Funkturmsparte Vantage Towers peilt stärkeres Wachstum an

Vodafones Funkturmsparte Vantage Towers peilt stärkeres Wachstum an
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UPDATE 2-Vantage Towers annual revenue, profit in line with guidance

By Reuters Staff (Adds fresh CEO comment, share price action) BERLIN, May 17 (Reuters) - Vantage Towers, the infrastructure unit of Britain’s Vodafone, on Monday reported modest growth in underlying revenue and core profit that was in line with its own guidance in its first full-year results since floating on the Frankfurt stock exchange. Revenue grew by 2.2% to 966 million euros ($1.2 billion) on a proforma basis in the year to March 31, within its 955-970 million euro guidance range but just shy of median forecasts by analysts of 971 million euros according to Refinitiv. Core profit, measured as EBITDA after leases, rose by 2.1% to 524 million euros, Vantage said.

Vantage chief prepared for further European tower M&A

Vantage chief prepared for further European tower M&A - Mobile World Live 17 MAY 2021 Vivek Badrinath, CEO of Vodafone Group spin-off Vantage Towers, outlined an expectation of further movement on deals in Europe’s infrastructure market in the next 12 months, as operators continue to mull the future of their passive assets. Responding to a question on a potential tie-up with fellow European heavyweights Orange or Deutsche Telekom (DT) posed during the company’s first annual results call since its IPO, Badrinath said several operators were considering what to do with their towers in Europe. Though clarifying there was “no deal on the table” with either Orange or DT on their respective assets, he acknowledged there were rumours both were open to a potential arrangement.

Vantage Towers revenue and profit in line with guidance

Vantage Towers revenue and profit in line with guidance
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