Vodafone lifted its profit guidance after reporting a sharp rise in quarterly revenues, following the announcement that French billionaire Xavier Niel will take a stake in the business.

Niel’s 18.8% stake—acquired through Vega’s purchase of e&’s 16.2% share—promises heavy cost‑cutting and an expansion of the retail market to boost profits.

In Q1 2027, the group posted adjusted earnings of €2.9bn, up 6.2% year‑on‑year, driven by a 10% jump in revenue to €10.3bn. Shares rose 4.5% in early trading.

Chief Executive Margherita Della Valle has reshaped Vodafone, divesting non‑core units and acquiring Three. Niel’s entry may pressure her to pursue further deals as the company seeks to leverage itsിഡ brand and global reach.