LONDON, May 18 (Reuters) - Vodafone said it would
increase investment in the mid-term because it saw growth
opportunities in its markets in Europe and Africa.
"We are investing more because we see growth," Chief
Financial Officer Margherita Della Valle told reporters on
Tuesday.
"In our mid-term guidance we are calling out growth in both
Europe and Africa in revenue, and then growth in EBITDA and also
growth in free cash flow going forward.
"So we have decided to reinvest this growth to accelerate
further our trajectory into the mid term."
(Reporting by Paul Sandle)