Vodafone Group Plc
22 December 2005
22 December 2005
VODAFONE ANNOUNCES COMPLETION OF ACQUISITION OF 10% ECONOMIC INTEREST IN BHARTI
TELE-VENTURES IN INDIA
Further to the announcement of 28 October 2005, Vodafone Group Plc ('Vodafone')
announces that the Vodafone group has today subscribed for convertible
debentures in Bharti Enterprises Private Limited representing a 4.39% indirect
economic interest in Bharti Tele-Ventures Limited ('BTVL').
The Vodafone group completed the acquisition of the 5.61% direct interest in
BTVL from Warburg Pincus LLC on 18 November 2005. Accordingly, from 18 November
2005 Vodafone proportionately consolidated its 5.61% direct stake in BTVL and
from today will proportionately consolidate its entire 10% economic interest in
BTVL.
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For further information:
Vodafone Group
Investor Relations Media Relations
Telephone: +44 (0) 1635 664447 Telephone: +44 (0) 1635 664444
Notes to Editors
About Vodafone
Vodafone is the world's leading mobile telecommunications group with operations
in 27 countries across 5 continents with 171 million proportionate customers
worldwide as at 30 September 2005 as well as 27 partner networks. For further
information, please visit www.vodafone.com.
About BTVL
BTVL is the no. 1 mobile operator in India, where it offers nationwide GSM
services to 14.1 million customers as at 30 September 2005. BTVL is also a
leading provider of fixed-line services. For the year ended March 2005, BTVL had
consolidated revenues of Rs.80.0 billion, consolidated EBITDA of Rs.30.1 billion
and net income of Rs.15.0 billion. For further information, please visit
www.bhartiteleventures.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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