Vodafone Sees Recovery Signs Amid Turnaround Plan

British mobile phone giant Vodafone said Tuesday that it sharply reduced its annual losses as it undergoes major restructuring to refocus on its core markets after years of weak performance.

Net losses narrowed to 397 million euros ($466 million) in the year to the end of March, down from 4.2 billion euros a year earlier.

“After the transformation of the last three years, we are now a…