Vodafone towers unit expects higher core earnings ahead of listing

FRANKFURT, Nov 17 (Reuters) - Vodafone's European
towers unit, which is currently gearing up for a stock market
listing, on Tuesday said its expects adjusted core earnings of
up to 540 million euros ($640 million) next year.

Consolidated earnings before interest, tax, depreciation and
amortisation, adjusted for special factors (EBITDAal), are
expected to come in at 530-540 million euros in 2021. In 2020,
adjusted EBITDal was 523 million euros.

Vodafone in July said that the listing of Vantage Towers
would take place in early 2021 in Frankfurt.

($1 = 0.8438 euros)
(Reporting by Christoph Steitz; editing by Thomas Seythal)