Vodafone confirms that it is in advanced discussions with Verizon Communications Inc. regarding the disposal of Vodafone's US group whose principal asset is its 45% interest in Verizon Wireless for US$130 billion. The consideration would substantially comprise a mixture of Verizon common stock and cash.
There is no certainty that an agreement will be reached. A further announcement will be made as soon as practicable.
For further information:
Vodafone Investor Relations +44 (0) 7919 990230 www.vodafone.com/investor
Vodafone Group Media +44 (0) 1635 664444 www.vodafone.com/media
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