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Vodafone to Save $1.3B in UK
British Vodafone Group has announced plans to achieve annual cost savings of one billion pounds (1.3 billion dollars) by 2032, aiming to boost profits and financial growth. The company expects cost savings to reach 800 million pounds by 2030, with a compound annual growth rate ranging from 5% to 9% until 2032. It also anticipates that the return on capital employed will surpass the cost of capital by 2032, in support of its growth and expansion plans. This strategy comes as part of the company's efforts to strengthen its position and reach ambitious long-term financial goals.
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