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CNBC's UK Exchange newsletter: An all-too-familiar dial tone from Vodafone

1. Vodafone claims it's at an 'inflexion point' in growth. 2. The company has a history of disappointing performance. 3. Vodafone's market focus shifted to key European and African markets. 4. Investors uncertain due to past false dawns. 5. Share buyback programs indicate some financial strategy support.

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FAQ

Why Neutral?

Vodafone's claims of an inflexion point have been repeated in the past with poor results.

How important is it?

The article outlines Vodafone's position and potential, impacting immediate investor sentiment despite historical skepticism.

Why Short Term?

Immediate reactions may occur from share buybacks, but long-term growth remains uncertain.

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