The new company structure will see the company’s emerging markets business split into two entities – Asia-Pacific with the Middle East, and central Europe with Africa – due to its expansion over the past three years.

The company’s focus on emerging markets to offset slowing growth in its core European business includes a controversial move to acquire a 70% stake in Ghana Telecom.

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Critics have accused the company of offering just $900m for the country’s third largest mobile operator. Vodafone has made a commitment to spend $500m on Ghana Telecom’s infrastructure, including completion of an optical fibre network.