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Vodafone's cash flow pledge eases concerns over dividend

CEO says company seeing balance between investment needs, rewarding shareholders and paying for spectrum
Wednesday, May 17, 2017 - 05:50

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Vodafone reported fourth quarter organic service revenue growth of 1.5 per cent, matching the average forecast of five analysts.

London

VODAFONE Group promised to milk more of the cash that flows through the world's second-largest mobile phone operation and funnel it back to shareholders after years of investment and expansion.

The stock rose the most in 10 months on Tuesday after the Newbury, England-based

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