Vodafone Group stated that its proposed merger deals in both the UK and Italy remain on track to be completed soon, as the carrier posted mixed results for the first financial half of the year.

According to the company's chief executive, Margherita Della Valle, the telco is making good progress on its strategy to "change Vodafone."

Vodafone reported revenue of €18.3 billion ($19.4bn) for the first half of the year, up 1.6 percent.

“We continue to make good progress on our strategy to change Vodafone. The approval processes for our transactions in the UK and Italy are nearing conclusion," said Della Valle, who was named CEO of the telco last year.

"These will complete our program to reshape the group for growth. We are also investing in Germany to strengthen our market position and taking steps to expand our B2B capabilities."

Vodafone recently saw its proposed £15bn ($19.48bn) merger with Three provisionally approved by the UK's Competition and Markets Authority (CMA), subject to remedies, while the European Union approved Swisscom's proposed €8bn ($8.48bn) acquisition of Vodafone in Italy in September.

Overall service revenue was up 4.8 percent, while Adjusted EBITDAaL grew by 3.8 percent. Operating profit increased by 28.3 percent to €2.4bn ($2.55bn), which Vodafone notes was driven primarily by the sale of an 18 percent stake in Indus Towers.

However, Vodafone's performance in its German market was an area of concern.

The company reported a decline of 6.2 percent in revenue in the second quarter, blaming an MDU TV law change.

As part of plans to improve its overall performance in Germany, Vodafone said it would invest more in its brand in the market, upgrade its existing cable network in the country, expand wholesale partnerships, and also continue to streamline its operations.

The telco said it is currently halfway through its reduction plan to cut 3,100 jobs in Germany.