Vodafone Group PLC
VOD: XLON (GBR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| GBX 793.00 | Hmd | Fbbnljjq |
Vodafone Keeps Pruning Its Business Portfolio With the Sale of Its Italian Operations
Business Strategy and Outlook
Vodafone is a telecommunications conglomerate present in more than 20 countries around the world. Its most important markets are Germany and the United Kingdom. Vodafone has historically been a mobile player, but during the last decade it has carried out several deals to solidify its fixed-line presence. Vodafone is the owner of the cable network in Germany, thanks to the acquisitions of Kabel Deutschland (2013) and Liberty Global Germany (2019). These moves made Germany Vodafone’s largest market by revenue, a decision we support, given the historical price stability in this geography.