Vodafone open to higher network spending after two-year boost

By Kate Holton BARCELONA (Reuters) - Vodafone is open to keeping network spending above its traditional levels once its two-year booster program has ended if it needs to respond to customer demand and competitor moves, its chief executive said. Vodafone, the world's No. 2 mobile operator, said this month that it would spend an extra 7 billion pounds ($11.3 billion) on its network in the next two years to put it in pole position for when the economy recovers. The British group usually spends about 6 billion pounds a year on its network but Chief Executive Vittorio Colao told a Morgan Stanley conference in Barcelona that he could keep spending higher - or reduce it - depending on how his competitors respond.

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