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Vodafone completes acquisition of British Telecommunications' interests in Airtel for Eur 1.77 billion

29 June 2001
Group Press Releases - 2001

Vodafone Group Plc ("Vodafone") announces that it has today completed its acquisition of British Telecommunications Plc 's 17.8% shareholding in Airtel Movil S.A. ("Airtel"), first announced on 2 May 2001, for a cash consideration of approximately Eur 1.77 billion.  Vodafone now has a 91.6% shareholding in Airtel.

For further information contact:

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

Tavistock Communications
Lulu Bridges / Sarah Landgrebe
Tel: +44 (0) 20 7600 2288