Vodafone’s tower company Vantage targets growth

LONDON/BERLIN: Vodafone’s European towers spin-out Vantage Towers said it had 1 billion euros available for acquisitions and could increase its firepower after its planned listing in Germany early next year.

Vantage Towers presented its strategy and financial targets to investors on Tuesday. It said it expected to report pro forma adjusted core earnings of up to 540 million euros ($640 million) in the financial year to end-March 2021.