Nick Read

Financially there's been a heavy burden through unsupportive regulation, excessive taxes and on top of that we got the negative supreme court decision.

This is reflected in our return to top-line growth in the second quarter, which we expect to build upon in the second half of the year in both Europe and Africa.

OpenRAN improves the network economics enabling us to reach more people in rural communities and that supports our goal to build digital societies in which no one is left behind.

Vodafone is obviously a very high-quality anchor tenant and we've got very high-quality assets, and these opportunities don't come around there often, so people are very, very keen to pursue it with us.

Given the scale and quality of our infrastructure, we believe there is a substantial opportunity to unlock value for shareholders while capturing the significant industrial benefits of network sharing for the digital society.

This is a window of opportunity where 5G is launching into the ma... by Nick Read

This is a window of opportunity where 5G is launching into the market.

Vodafone transforms into Europe's largest fully-converged communications operator, accelerating innovation through our gigabit networks and bringing greater benefits to millions of customers.

Our service revenue growth came under further pressure - Spain remains a challenging market, South Africa experienced headwinds - plus clearly the German auction has risen to higher levels than expectation on top of extensive coverage obligations, which require capex.

Twelve months back we had a good degree of headroom, by November we had sufficient headroom, and the headroom has been compressed in the last six months.

We need to have a fact-based risk-assessed review, people are saying things at the moment that are not grounded, I'm not saying that is the case for the U.S. because I have not met them directly myself so I have not seen what evidence they have, but they clearly need to present that evidence to the right bodies throughout Europe.

It will delay 5G in Europe by probably two years, it structurally... by Nick Read

It will delay 5G in Europe by probably two years, it structurally disadvantages Europe.

We are engaged with all (European) governments at the moment and we'd like them to arrive at a common set of understandings.

We don't want multi-layers because then we'd be very slow and cumbersome, this should be for all vendors.

You will see more of these going forward. by Nick Read

You will see more of these going forward.