Exclusivity agreement Re Virgin Mobile France

RNS Number : 3105H

Carphone Warehouse Group PLC

16 May 2014

 



Friday, 16 May 2014

For immediate release

Carphone Warehouse Group plc ("CPW")

Exclusivity agreement for the sale of Virgin Mobile France

CPW and all of the other shareholders of Omer Telecom Limited ("Omer"), of which CPW owns 46%, being the holding company of the Virgin Mobile business in France, have today entered into an exclusivity agreement in respect of the proposed sale of 100% of Omer to Numericable Group for an enterprise value of Euro 325 million.

During the exclusivity period the parties will carry out the necessary consultations with employee work councils, with the transaction also being subject to the approval of the French Competition Authority.

For further information

For analyst and institutional enquiries

Kate Ferry, Investor Relations Director          [phone]

Kerry Becker, Investor Relations Manager     [phone]

For media enquiries

Anthony Carlisle (Citigate Dewe Rogerson)   [phone] / [phone]

Elizabeth Holloway, Head of PR, CPW          [phone] / [phone]

 

END

 

 

AGRQQLBFZEFBBBE