Subsid's Acquisition

VODAFONE AIRTOUCH PLC 1 September 1999 VODAFONE ACQUIRES UNIQUEAIR Vodafone Distribution Limited, a subsidiary of Vodafone AirTouch Plc, has today announced it has reached agreement with Unipart Group Limited to acquire its service provider subsidiary UniqueAir Limited. The acquisition will be effective from 1 September 1999. UniqueAir Limited has approximately 291,000 customers, some 70 per cent of whom are connected to the Vodafone network. The business is based in Abingdon, Oxfordshire and has a number of retail outlets in the South East. It has approximately 430 employees. The consideration paid to Unipart is approximately £51 million, although the final price will be determined on agreement of completion accounts to be prepared after the acquisition. Commenting, Peter Bamford, Chief Executive of Vodafone UK, said: 'UniqueAir is one of the leading independent service providers and will form a valuable part of the Vodafone UK business portfolio. We have had a successful relationship with UniqueAir for many years and will be integrating the business into our UK distribution structure.' John Neill, Group Chief Executive of Unipart Group of Companies added: 'The decision to sell UniqueAir was not easy but we were convinced that the company would have a more secure future as part of a global mobile telecommunications company. A fundamental part of our decision to sell to Vodafone was their commitment to maintain the Abingdon site and provide continuing job opportunities to our people.' For further information contact: Tim Brown Mike Caldwell Investor Relations Director Corporate Communications Director Vodafone AirTouch Vodafone AirTouch Telephone (01635) 33251 (01635) 33251 Frank Nigriello Tamsin Johnston Director of Corporate Affairs Group Communications Officer Unipart Group of Companies Unipart Group of Companies Tel: 01865 383339 Tel: 01865 384087
Investor Meets Company
UK 100