Vodafone will have invested £19bn/€23bn in our network and services between March 2014 and 2016 - the largest and fastest network investment in our 30-year history.

We aim to have the best mobile network in all our markets, be competitive in fixed services and provide the best converged fixed and mobile services to support the growing demand for unified communications.

As an investor, we look for a positive return on our investments. The decisions taken by policy makers on issues ranging from market consolidation to spectrum licences to access to fibre backhaul directly affect Vodafone’s decisions on where and when to invest.