RE: Free cash flow.23 Aug 2023 14:32
Just joining with 3 in the UK won't materially change the SP. Fundamentally we go from owning 100% of VOD UK Share of market to 51% of the 3 / VOD share of the market. But it should enable better economies of scale and improve the return on Capital, but the UK is only a small % of Vodafone, so no I dont think the merger with 3 alone makes this share worth materially more, but it moves it in the right direction, and some of the SP is depressed due to negative sentiment so small steps in the right direction help to move the SP in the right direction