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Vodafone settles final tranche of 25% stake in Swisscom mobile for cash

27 September 2001
Group Press Releases - 2001

Vodafone Group Plc ("Vodafone") announces today that it has satisfied its obligation to Swisscom AG ("Swisscom") to pay the second and final tranche of the consideration due in connection with its acquisition of a 25% stake in Swisscom Mobile with a cash payment of approximately CHF 2.3 billion (£95 million).  The agreement allowed Vodafone to choose to settle by either shares or cash.

For further information contact:

Tim Brown, Group Corporate Affairs Director
Melissa Stimpson, Head of Group Investor Relations
Darren Jones, Senior Investor Relations Manager
Jon Earl, Investor Relations Manager
Tel: +44 (0) 1635 673310

Lulu Bridges/John West
Tavistock Communications
Tel: +44 (0) 20 7600 2288