Vodafone Germany to Invest EUR2 Billion in Broadband Services

By Tapan Panchal Features Dow Jones Newswires

Vodafone Group PLC (VOD.LN) said Monday that its German unit will invest around 2 billion euros ($2.38 billion) over the next four years to provide ultra-fast-fiber broadband services.

Continue Reading Below

The U.K.-listed telecommunications company expects the investment to improve the German unit's service revenue growth by one to two percentage points, compared with previous expectations, and to improve its profitability.

Write to Tapan Panchal at tapan.panchal@wsj.com

(END) Dow Jones Newswires

September 11, 2017 02:34 ET (06:34 GMT)