Vodafone is considering moving its headquarters out of the UK following the vote to leave the European Union, but it will depend on the outcome of Britain's Brexit negotiations.
The telecoms giant said it was to early to "draw any firm conclusions regarding the long-term location for the headquarters". But it added that it would "take whatever decisions are appropriate", stressing the importance of "movement of people, capital and goods".
Two days before the referendum, Vodafone chief executive Vittorio Colao warned that a vote to leave the European Union would threaten Britain's place as a digital leader and its influence in the industry, with plans in place for a digital single market for the EU.
Last year, 55% of Vodafone's revenues came from the EU, whereas the UK provided just 11%. The company also revealed it would start publishing its financial results in euros, regardless of whether or not it moves its headquarters.
On Tuesday, business secretary Sajid Javid met with business leaders to urge a "no panic" response to the Brexit vote among the community.
He said: "The biggest issue raised was the need to secure continued access to the single market. While I am not in any position to make promises, I assured everyone that my number one priority will be just that in the negotiations to come."
Other large employers have expressed concerns over lack of access to the single market, and have therefore warned that they could move headquarters away from the UK.