Vodafone warns that the ongoing impact on profits in the German market has prompted the announcement of a new 2 billion euro share buyback plan.

According to the Zhixin Financial APP, British telecom giant Vodafone (VOD.US) released its latest financial report on Tuesday. The financial data shows that its most important German market is experiencing continued decline in revenue. The company predicts that the growth resistance in its largest market, Germany, will lead to the possibility of only achieving flat profits in the new fiscal year, or achieving only a slight increase.