Vodafone AirTouch PLC
31 May 2000
VODAFONE AIRTOUCH EXPANDS OPERATIONS INTO KENYA
Vodafone AirTouch Plc ('Vodafone AirTouch') announces today that
its wholly owned subsidiary Vodafone Kenya Limited has signed an
agreement with Telkom Kenya to form Safaricom Limited
('Safaricom'). Safaricom will be owned 60% by Telkom Kenya and 40%
by Vodafone AirTouch and includes all the assets and subscribers of
the previous cellular operation of Telkom Kenya. The consideration
for the licence from the Kenyan Government amounted to $55 million.
Safaricom is currently the only cellular operator in Kenya and has
a 15 year GSM 900 licence. Safaricom has also acquired the existing
ETACS network which provides service in the major towns in Kenya.
For further information:
Vodafone AirTouch Plc
Terry Barwick, Director of Corporate Affairs
Tim Brown, Investor Relations Director
Melissa Stimpson, Senior Investor Relations Manager
Telephone: +44 (0) 1635 33 251
Tavistock Communications
Lulu Bridges
Telephone: +44 (0) 20 7600 2288
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