Vodafone Raises UK Cost Savings Target

Vodafone increased its cost savings target for its UK unit to one billion pounds by 2032. The company expressed growing confidence in the merged mobile operator.

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A view of a signage outside a Vodafone mobile phone store in Liverpool, Britain, October 8, 2024. REUTERS/Phil Noble

VODAFONE GROUP PLC raised its cost-saving target for its United Kingdom mobile unit to £1 billion ($1.32 billion) by 2032 on Thursday. The previous plan targeted £700 million in savings by 2030 following the merger of local operations.

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