Vodafone AirTouch PLC
10 November 1999
VODAFONE ACQUIRES SCOTTISH SERVICE PROVIDER
Vodafone Distribution Limited, a subsidiary of Vodafone AirTouch
Plc, has today announced that it has acquired ScottishPower
Telecommunications (Services) Limited, a joint venture between
Scottish Power UK plc and Martin Dawes Telecommunications Limited.
The company operates a telecommunications service provider business
in Scotland.
The acquisition will be effective from today, and, with immediate
effect, the company has been renamed Vodafone (Scotland) Limited.
Vodafone (Scotland) Limited has approximately 66,000 customers,
some 90 per cent of whom are connected to the Vodafone network.
The business is based in East Kilbride, south of Glasgow, and
operates 25 retail stores in Scotland, Northern Ireland and the
North-East of England. It has approximately 300 employees.
The consideration to be paid to the sellers is approximately £13
million.
Commenting, Peter Bamford, Chief Executive of Vodafone UK Limited,
said: 'We are delighted to have concluded this deal with
ScottishPower and Martin Dawes, with whom we have had a successful
relationship for many years. We plan to integrate the business
into our UK distribution structure.'
For further information contact:
Tim Brown, Director of Investor Relations
Melissa Stimpson, Senior Investor Relations Manager
Telephone (01635) 33251
Lulu Bridges
Tavistock Communications
Tel: (0171) 600 2288
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