A disappointing H1 report with EBITDAaL down by 2.6% and a downward revision to the EBITDA and FCF guidance.
However things are now moving and we can credit the CEO for making the recent Vantage deal and the combination with Three. Missing opportunities in Italy with Iliad could also evolve as Niel bought a 2.5% stake in Vodafone last September. This disappointing release and the sell off in the stock market this morning is an opportunity to invest in the stock.
