Strategy/Company/Ops Update
ANNOUNCEMENT REGARDING VODAFONE ITALY
Vodafone Group Plc ("Vodafone") confirms it recently received a highly preliminary, non-binding indication of interest from Iliad S.A. ("Iliad") and Apax Partners LLP ("Apax") to acquire 100% of Vodafone Italy (the "Preliminary Indication of Interest").
Vodafone confirms it has rejected the Preliminary Indication of Interest, as it is not in the best interests of shareholders.
The Board and management of Vodafone remain focused on delivering shareholder value through a combination of its organic growth strategy over the medium-term and ongoing portfolio optimisation. Vodafone continues to pragmatically pursue several value accretive in-market consolidation opportunities to deliver sustainable market structures in its major European markets, including Italy.
For more information, please contact:
Investor Relations Media Relations
Investors.vodafone.com Vodafone.com/media/contact
ir@vodafone.co.uk GroupMedia@vodafone.com
Registered Office: Vodafone House, The Connection, Newbury, Berkshire RG14 2FN, England. Registered in England No. 1833679
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