Vodafone Plans To Launch Additional Share Buy-Back Programmes: Report

The mobile and broadband operator, which has roped in Goldman Sachs as principal of the programme, said the buy-backs will start on July 26 and end by Nov. 17.

UK's Vodafone Group said on Friday it intends to launch additional share buy-back programmes over the next eight months to partially offset the increase in the company's issued share capital due to maturing of a convertible bond programme. The mobile and broadband operator, which has roped in Goldman Sachs as principal of the programme, said the buy-backs will start on July 26 and end by Nov. 17. Vodafone reported a better-than-expected rise in first-quarter service revenue as more stores reopened and tourism made a tentative return following last year's COVID-19 disruption.