Vodafone Group PLC
29 March 2001
Sale of Infostrada
Vodafone Group Plc ('Vodafone') announces that its
subsidiary Mannesmann AG has completed the sale of
Infostrada S.p.A. to Enel S.p.A. ('Enel') today, in
accordance with the revised terms agreed on 16 March 2001
between Vodafone and Enel.
As a result, Vodafone's net debt at 31 March 2001 is
likely to be in the region of £7 billion.
For further information
Tim Brown, Group Corporate Affairs Director
Melissa Stimpson, Head of Group Investor Relations
Jon Earl, Investor Relations Manager
Darren Jones, Investor Relations Manager
Tel: +44 (0) 1635 673310
Lulu Bridges / Sarah Landgrebe
Tavistock Communications
Tel: +44 (0) 20 7600 2288
Warren Finegold / Alberto Franzone / Andre Sokol
UBS Warburg
Tel: +44 (0) 20 7567 8000
This announcement has been issued by and is the sole
responsibility of Vodafone Group Plc. UBS Warburg Ltd.,
a subsidiary of UBS AG, which is regulated in the United
Kingdom by the Securities and Futures Authority Limited,
is acting for Vodafone Group Plc and for no one else in
connection with the proposed transaction and will not be
responsible to anyone other than Vodafone Group Plc for
providing the protections afforded to customers of UBS
Warburg Ltd., or for providing advice in relation to the
transaction.
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