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Vodafone Fixed/Convergence Open Office

Venice, Italy19-20 September 2017 VodafoneFixed/ConvergenceOpen ,ortheyieldonsuchinvestments, , ,complete, , smanagementbelievesthesemeasuresprovidev aluableadditionalinformationinunderstand ingtheperformanceoftheGrouportheGroup ,thesemeasuresarenotuniformlydefinedbyal lcompanies,includingthoseintheGroup , ,althoughthesemeasuresareimportantinthem anagementofthebusiness,theyshouldnotbevi ewedinisolationorasreplacementsfor,oralt ernativesto,butratherascomplementaryto, broadband market coverageFixed footprintFinancials<2%2-4%5-10%>10%Internal by Vodafone % total homesConverged data related to CBU only(m homes, Jun 17)Opportunities in fixed line and convergence Q1 17/18 Mobile service revenue market share32% fixed revenue market share7%% of BB customer base that is converged27%Av.

3 Italian broadband market coverage Fixed footprint Financials <2% 2-4% 5-10% >10% Internal estimate 28.6m total households 26.9m addressable by Vodafone

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  Open, Office, Vodafone, Fixed, Convergence, Vodafone fixed convergence open office

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