0704 GMT - Vodafone Group's new U.K. business VodafoneThree is shaping up to become a bright spot for the U.K. telecommunications group, analysts at Deutsche Bank say in a research note. The company set out new midterm targets for its U.K. unit that look impressive, especially in the context of a highly competitive market in the country, the analysts say. The new targets imply between 2.2 billion and 2.8 billion pounds of adjusted Ebitda after leases by fiscal 2032 for the unit and are likely toward the upper end of analysts' expectations, according to Deutsche Bank. The update also supports Deutsche Bank's upbeat view on the prospects for the group's cash flow and share price, given that its U.K. and Africa businesses should help offset pressures elsewhere, the analysts add.