Vodafone Group PLC (LSE:VOD) announced its latest €500 million (£415 million) share buyback will get underway from Thursday.
Citigroup has been instructed to facilitate the buyback, Vodafone said on Thursday, with completion by February 3.
Vodafone plans to return €2 billion to shareholders following the sale of its Spanish wing to Zegona Communications (LSE:ZEG) for €5 billion.
Two previous €500 million buybacks have been launched under the plan, with the first completed in August and the second on Wednesday.
A separate statement on Thursday showed Vodafone had finalised the second via the repurchase of 19,451,090 shares for an average price of 68.29p each.