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Vodafone promises higher dividends as cash flow set to jump

The final dividend was increased by 2 percent to 10.03 euro cents

Reuters  |  London 

Britain's Vodafone forecast a jump in cash generation this year, allowing it to reward shareholders with a higher dividend as it eases back on network investment and moves to solve problems in India where a new price war has broken out. The company's upbeat outlook sent its shares more than 4 percent higher, relieving investors after a tough year that saw the group report a 6.1 billion-euro ($6.7 billion) loss, dragged down by last year's $5 billion write-downs on Vodafone India. Chief Executive Vittorio Colao said that excluding the Indian business, adjusted core ...

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First Published: Tue, May 16 2017. 15:57 IST