Vodafone Announces Preferred Suppliers for its International Property Portfolio

Vodafone today awarded preferred supplier status to four property consultants to help improve operational efficiencies through the consolidation of the number of agents it deals with internationally.

Following a competitive tender process, Colliers International, Cushman & Wakefield, DTZ and Jones Lang LaSalle, will handle all Vodafone’s real estate management for more than 20 markets across mainland Europe, Central Europe and Africa, the Middle East and Asia Pacific. The agreements cover the transactional work for Vodafone’s portfolio of more than 3,000 properties, including network centres, offices, call centres and retail outlets as well as administration of real estate management in some markets.

In addition to improved operational efficiencies, Vodafone will be able to gain greater economies of scale and reduce estate management costs through awarding contracts on a multiple country basis. The move will also improve data management, analysis, and reporting of global property costs.

Commenting on today’s announcement, Billy Davidson, Group Property Director of Vodafone Group Plc, said: ”Vodafone is the world’s leading mobile communications group and has a diverse set of properties in many different geographical regions. Having selected agents with suitable international coverage, we opted to negotiate at a country level with the agents’ local offices to ensure best prices and service models appropriate to each home market. Global discounts to these prices were then negotiated with the corporate offices by Vodafone at a Group level, which is in line with our global reach with local roots philosophy.”

For further information:

Vodafone Group

Media Relations
Telephone: +44 (0) 1635 664444

Investor Relations
Telephone: +44 (0) 1635 33251

Notes to Editors

About Vodafone
Vodafone is the world's leading international mobile communications group with approximately 333 million proportionate customers as at 31 December 2009. Vodafone currently has equity interests in 31 countries across five continents and around 40 partner networks worldwide. For more information, please visit www.vodafone.com.