Vodafone Group PLC
8 May 2001
8 May 2001
SALE OF TELE.RING IN AUSTRIA
Vodafone Group Plc ('Vodafone') announces today that it has agreed to sell its
100% equity stake in the Austrian telecommunications company, tele.ring
Telekom Service GmbH ('tele.ring') for an undisclosed amount to Western
Wireless International Corporation. The value of the net assets being
disposed of represents less than 1% of Vodafone's net assets.
The transaction is subject to Austrian regulatory approval.
Vodafone was advised by UBS Warburg.
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For further information:
Vodafone Group Plc
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
Tavistock Communications
Lulu Bridges/Sarah Landgrebe
Tel: +44 (0) 20 7600 2288
UBS Warburg
Warren Finegold
Charles Butterworth
Tel: +44 (0) 20 7567 8000
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