Changes to Germany law set to come into force at the end of the year, ending collective TV contracts with housing associations, will have “a material impact” on the company’s EBITDA, according to CEO Margaretha Della Valle.

Vodafone’s overall subscriber numbers in Germany, its key market, meawhile are “likely to get worse before they get better” according to new CEO , answering analyst questions after Vodafone posted its full year results.

Source: Vodafone expecting ‘material’ hit from change in German TV law – Digital TV Europe