1302 GMT - Vodafone's upcoming 2Q results are likely to be mixed given the concerns weighing on its German segment, Citi analyst Siyi He writes in a note. The company has been transparent on the impact from regulation changes in Germany--which prevent landlords from bundling TV services with rental agreements--, as well as the removal of broadband pricing support, but the high-margin nature of those revenues could hit profitability, the analyst says. However, the ample cash generated from asset disposals coupled with improving outlook and simplified group structure, should gradually gain investors' confidence, she adds. Shares are down 1.8% at 74.76 pence. (najat.kantouar@wsj.com)
(END) Dow Jones Newswires
October 17, 2024 09:03 ET (13:03 GMT)
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