Statement re Press Comment

RNS Number : 4227V

Vodafone Group Plc

30 January 2017

 

30 January 2017

Vodafone announcement re media speculation

Vodafone Group Plc ("Vodafone") notes the recent media speculation regarding a potential combination of Vodafone India and Idea Cellular ("Idea").

Vodafone confirms that it is in discussions with the Aditya Birla Group about an all share merger of Vodafone India (excluding Vodafone's 42% stake in Indus Towers) and Idea. Any merger would be effected through the issue of new shares in Idea to Vodafone and would result in Vodafone deconsolidating Vodafone India.

There is no certainty that any transaction will be agreed, nor as to the terms or timing of any transaction.

This announcement contains inside information.

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For further information:

Vodafone Group
Media Relations	Investor Relations
www.vodafone.com/media/contact	Telephone:  [phone]

The person responsible for arranging for the release of this announcement on behalf of Vodafone is Rosemary Martin, Vodafone Group General Counsel and Company Secretary.

 

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