Acquisition of additional sta

RNS Number : 9375G

Vodafone Group Plc

29 October 2008

 



29 October 2008

VODAFONE ACQUIRES ADDITIONAL STAKE IN POLKOMTEL 

Vodafone announces today that it has agreed to acquire an additional 4.8% stake in Polkomtel S.A. ('Polkomtel'), a leading telecommunications operator in Poland, from TDC A/S ('TDC') for a total cash consideration of €176 million plus accrued interest at closing.  

The acquisition will increase Vodafone's stake in Polkomtel from 19.6% to 24.4%, enhancing its exposure to the attractive Polish market. Vodafone has, along with the other shareholders, elected to exercise its pre-emptive rights, pro rata to its existing shareholding of 19.6%, over TDC's shareholding in Polkomtel, which arose following the change of control of TDC in February 2006.

Vodafone expects the transaction to close in the fourth quarter of the calendar year 2008.

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For further information:

Vodafone Group
Investor Relations	Media Relations
Telephone: [phone]	Telephone: [phone]

Notes to Editors

About Vodafone

Vodafone is the world's leading international mobile communications group with approximately 269 million proportionate customers as of 30 June 2008. Vodafone currently has equity interests in 27 countries across five continents and over 40 partner networks worldwide. For more information, please visit www.vodafone.com

About TDC

TDC is the leading provider of communications solutions in Denmark with a strong Nordic focus. In the Nordic region TDC has four business units: Business Nordic, Fixnet Nordic, Mobile Nordic and YouSee. TDC's activities outside the Nordic Region comprise amongst others Sunrise, a leading telecommunications provider in Switzerland, and HTCC, a leading telecommunications provider in Hungary.

About Polkomtel

Polkomtel is the operator of the Plus GSM mobile telephone service in Poland. It was awarded its licence in February 1996, and as at 30 June 2008 had over 13.2 million customers. For further information, please visit www.polkomtel.com.pl

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