Vodafone Group has issued two bonds with the aim of raising €2.75 billion, which a company spokesman told Mobile World Live would be used for “general corporate purposes”.

The first matures in 2020 (€1.75 billion) and the second in 2025 (€1 billion).

The UK headquartered group is clearly looking to take advantage of low interest rates. The first bond has a coupon of 1 per cent and the second is 1.875 per cent.

Vodafone has earmarked capital expenditure of £19 billion over the next two years, including £7 billion for Project Spring to accelerate 3G and 4G expansion in Europe and India.

In a bid to bolster its triple- and quadplay ambitions, Vodafone is also splashing out heavily on acquisitions, the latest being the purchase of a 72.7 per cent stake in Greek fixed and broadband player Hellas Online for €72.7 million.

The operator has also spent €7.2 billion on acquiring Spanish cable service provider Ono, and €7.7 billion buying Kabel Deutschland in October last year.

Vodafone Group has been on a stronger financial footing since it sold its 45 per cent stake in Verizon Wireless to partner Verizon Communications in a $130 billion (£84 billion) cash and stock deal.