New Street Research - Vodafone Group (VOD LN) Vodafone (Buy, 140p, +89%) Was 135p Deeper dive on the UK deal - with full model. Target upgrade to 140p.

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New Street Research

James Ratzer

EUR 8536.00 For Business Accounts Only

Vodafone (Buy, 140p, +89%) Was 135p Deeper dive on the UK deal - with full model. Target upgrade to 140p.

Last Wednesday, like most, we were initially working through the deal maths of the Vodafone-Hutchison deal. Now we have had more time to assess the deal and to hold our expert CMA call on Thursday, this gives us more confidence in the chance of the deal being approved.

19/06/2023 1 EN

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Vodafone Group

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New Street Research

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James Ratzer

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Vodafone (Buy, 140p, +89%) Was 135p Deeper dive on the UK deal - with full model. Target upgrade to 140p.

Vodafone to Virgin spectrum sale: More details revealed

The company started seeing signs of recovery as subscriber losses begun to narrow and margins continue to improve. However, revenue and EBITDA still trailed expectations by 2% and 1% respectively.

Vodafone (Buy, 120p, +56%) Was 135p Target price/ model update: The UK ups and the German downs

Thai Telcos Auction concludes, no major surprises

VIPS 2Q25 Preview: Lowering 2Q Topline Estimates

Microsoft vs. OpenAI: Implications for investors?

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