<p>Britain's Vodafone said it was on track to meet its full-year guidance after reporting a 2.7 per cent rise in third-quarter group service revenue, with growth in both Europe and Africa.</p>.<p>Chief Executive Nick Read said Vodafone, which has activist Cevian Capital as a new investor, had delivered a "solid quarter", with consistent service revenue growth in its biggest market Germany of 1.1 per cent.</p>.<p>The group was focused on strengthening commercial momentum in Germany, he said, and accelerating its transformation in Spain, where revenue continued to decline.</p>.<p>"We are also committed to creating value for our shareholders through proactive portfolio actions and continuing to improve returns at pace," he said.</p>.<p>Read, who spun out the group's towers business last year, has called for regulators to allow more consolidation in European markets.</p>.<p><em>Reuters</em> reported earlier this month that Vodafone and Iliad were in talks to combine their businesses in Italy.</p>.<p>Vodafone said in November it expected to report adjusted core earnings of 15.2 billion to 15.4 billion euros and adjusted free cash flow of at least 5.3 billion euros.</p>.<p>Analysts expect adjusted core earnings of 15.26 billion euros and adjusted free cash flow of 5.34 billion euros, according to a company-compiled consensus.</p>.<p><em><strong>Check out the latest DH videos here:</strong></em></p>
<p>Britain's Vodafone said it was on track to meet its full-year guidance after reporting a 2.7 per cent rise in third-quarter group service revenue, with growth in both Europe and Africa.</p>.<p>Chief Executive Nick Read said Vodafone, which has activist Cevian Capital as a new investor, had delivered a "solid quarter", with consistent service revenue growth in its biggest market Germany of 1.1 per cent.</p>.<p>The group was focused on strengthening commercial momentum in Germany, he said, and accelerating its transformation in Spain, where revenue continued to decline.</p>.<p>"We are also committed to creating value for our shareholders through proactive portfolio actions and continuing to improve returns at pace," he said.</p>.<p>Read, who spun out the group's towers business last year, has called for regulators to allow more consolidation in European markets.</p>.<p><em>Reuters</em> reported earlier this month that Vodafone and Iliad were in talks to combine their businesses in Italy.</p>.<p>Vodafone said in November it expected to report adjusted core earnings of 15.2 billion to 15.4 billion euros and adjusted free cash flow of at least 5.3 billion euros.</p>.<p>Analysts expect adjusted core earnings of 15.26 billion euros and adjusted free cash flow of 5.34 billion euros, according to a company-compiled consensus.</p>.<p><em><strong>Check out the latest DH videos here:</strong></em></p>