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
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