(FILES) In this file photo taken on January 30, 2018 The logo of British mobile phone giant Vodafone welcomes visitors at their retail shop in central London
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Vodafone Group on Friday said it would list its towers infrastructure business in Frankfurt next year.
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Vodafone separately said fiscal first-quarter organic service revenue fell 1.3%, with total revenue falling 1.4% to £10.5 billion.
Vodafone had said in July 2019 that it was looking to separate out its towers infrastructure business, and had been running the unit as a separate company since May 2020. The Dusseldorf-headquartered company will be run by Vivek Badrinath and still be majority held by Vodafone after the IPO.
It released proforma fiscal 2020 results, showing an operating profit of €523 million on revenue of €950 million.
