Vodafone Group has reported an overall revenue increase of 7.3 percent for the first half of the 2026 financial year.

The telco giant posted revenue of €19.6 billion ($22.7bn) for H1, up from €18.2bn ($21bn) for the same period last year.

This included a return to growth in Germany, a market in which Vodafone has struggled in recent years.

"Following the progress of our transformation, Vodafone has built broad-based momentum. In the second quarter, we saw service revenue accelerating, with good performances in the UK, Türkiye, and Africa, and a return to top-line growth in Germany," said Vodafone Group CEO Margherita Della Valle.

Growth in Germany was minimal, only up 0.5 percent, and was driven by the end of the TV law change impact and higher wholesale revenue in the market.

The carrier also provided an update on its migration of 1&1 customers onto its mobile network in Germany, stating that it's close to finalizing this migration. This comes amid reports last month that rival telco Telefónica is seeking to revive relations with 1&1.

Although revenue in 'other Europe' remained flat for the first half of the year, Vodafone highlighted its acquisition of Telekom Romania Mobile Communications S.A. assets for €30 million ($34.7m), which it notes will increase its scale in the market.

UK growth post-merger

High-profile mergers have also paid off for the telco, which completed its merger with Three in the UK earlier this summer.

Vodafone states that since completing the merger in June, it has already upgraded more than 5,000 sites, enabling customers of both Vodafone and Three to seamlessly use both networks.

By the end of the year, Vodafone expects that it will have removed 16,500km of coverage ‘not spot’ areas.

The company also said it's been able to cross-sell its broadband offering to Three customers, while it's opened up Fixed Wireless Access (FWA) to Vodafone users.

In the company's earnings call, Della Valle highlighted the opportunity for FWA in the UK for VodafoneThree.

"It's obviously a great opportunity for us to leverage, what I would describe, as our overall asset superiority in the market," said Della Valle. "Fiber in the UK is not everywhere yet, whilst we will be offering FWA to all the population in the UK thanks to the capabilities that we have today.

"And we see it as an opportunity because it allows us to bridge the time until fiber comes, and maybe cover areas also where fiber may not come at all in the most rural areas."