Vodafone takes ‘first steps’ in turnaround with top-line improvement

LONDON: Vodafone reported better top-line growth on Monday, driven by higher prices in Britain and improvements in Germany, Italy and Spain, marking a positive start for new Chief Executive Margherita Della Valle’s turnaround plan.

The European and African telecoms group also said it had appointed former SAP chief financial officer, Luka Mucic, to the same role at Vodafone, beginning on Sept. 1.