08 November 2011
Consistent results: growth, investment, cash generation, shareholder returns
Continued progress on strategic delivery
(*) All amounts in this document marked with an “(*)” represent organic growth which presents performance on a comparable basis, both in terms of merger and acquisition activity and foreign exchange rates.
(1) Excludes the dividend due from Verizon Wireless in January 2012.
(2) Five European markets: Germany, Italy, Spain, UK, Netherlands.
Vittorio Colao, Group Chief Executive, commented:
“A year on from announcing our updated strategy, we are making clear progress. We are gaining share in most of our major markets, through our focus on superior network quality and an improved customer experience. In addition, we are achieving sustained growth in the key areas of data, emerging markets andenterprise.
“At the same time, we have delivered on our commitment to crystallise value from our non-controlled assets through a successful programme of disposals and the announcement of a dividend from VerizonWireless, with the majority of proceeds pledged to shareholder returns.
“Although we remain mindful of the uncertain economic outlook, we are confident that we have the right strategy and capabilities to continue to perform consistently through top line growth, cost efficiency, investment and cash generation.”
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