Vodafone Germany to Invest EUR2 Billion in Broadband Services

By Tapan PanchalFeaturesDow 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.

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.

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

(END) Dow Jones Newswires

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