CEO Vivek Badrinath was in buoyant mood as he presented the results during a recorded message. He said the towerco is "on track to deliver our medium-term targets" and performed in line with expectations during the first nine months of the 2021 fiscal year (FY21), which ends on March 31, 2021. Early starter: Vodafone's tower spin off Vantage looks to be reaching targets ahead of IPO. (Source: Vantage Towers) Reuters reported earlier in February that Vodafone plans to float Vantage Towers on the Frankfurt stock exchange in March in a share offering worth about 3 billion (US$3.6 billion). Vantage Towers became a standalone company in May 2020 and was formally launched last July.