Vodafone ‘fully committed’ to Ireland with plans to invest €500m

• Published date: 25 May 2023
• Publication title: Irish Times (Dublin, Ireland)

Vodafone Ireland says a plan to invest €500 million in its Irish network over the next five years shows that it is "fully committed" to its presence in the Republic despite the significant headwinds the British telecoms group is facing across the continent

Last week, the London-listed group announced plans to shed 11,000 jobs, more than 10 per cent of its global workforce, after Vodafone reported weak earnings for its core German, British and Italian markets for the year to the end of March.

Larger, structural issues across the group and the telecoms industry more broadly have seen Vodafone's stock, down more than 3 per cent so far this year, losing almost half of its value in the four-year period to the end of 2022.

Some investors had hoped that Vodafone, under the leadership of new chief executive Margherita Della Valle, might explore the option of breaking up the group and selling some of its regional units, raising questions about the future...