Vodafone outlines £1B U.K. spending plan

|About: Vodafone Group Plc (VOD)|By:, SA News Editor

Vodafone's (VOD) U.K. division intends to spend £1B ($1.66B) on networks and services this year, and create 1,400 jobs by opening 150 new stores. That would take Vodafone's total branded outlets in the country to over 500.

The plan comes as Vodafone strengthens and expands its European operations following the sale of its 45% in Verizon Wireless for $130B. The strategy includes the acquisition of Spanish cable operator Ono for €7.2B ($10B).