Vodafone open to higher network spending after two-year boost

By Kate Holton BARCELONA (Reuters) – Vodafone is open to maintaining community spending above its traditional levels once its two-yr booster software has ended if it desires to reply to purchaser demand and competitor moves, its chief govt stated. Vodafone, the arena’s No. 2 cellular operator, mentioned this month that it would spend an extra 7 billion kilos ($11.three billion) on its community within the subsequent two years to position it in pole position for when the financial system recovers. The British group frequently spends about 6 billion pounds a year on its community however Chief Executive Vittorio Colao told a Morgan Stanley conference in Barcelona that he might keep spending greater – or reduce it – depending on how his rivals respond.