European towers unit, which is currently gearing up for a stock market listing, on Tuesday said it expects pro forma adjusted core earnings of up to 540 million euros in its 2021 financial year.
The mobile operator on Tuesday will detail the prospects for Vantage Towers, which will IPO in Germany, Vodafone’s biggest market. Vantage Towers CEO Vivek Badrinath said: “The growth potential in the towers sector is fuelled by the requirement for data as well as the roll-out of 5G technology and new and wider network coverage obligations across Europe.
Vantage Towers will target more mobile operator customers for its sites, taking it tenancy ratio from around 1.38 operators per site to more than 1.5 in the medium term, Vodafone said.
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