22nd Dec 2005 15:06
Vodafone Group Plc22 December 2005 22 December 2005 VODAFONE ANNOUNCES COMPLETION OF ACQUISITION OF 10% ECONOMIC INTEREST IN BHARTI TELE-VENTURES IN INDIA Further to the announcement of 28 October 2005, Vodafone Group Plc ("Vodafone")announces that the Vodafone group has today subscribed for convertibledebentures in Bharti Enterprises Private Limited representing a 4.39% indirecteconomic interest in Bharti Tele-Ventures Limited ("BTVL"). The Vodafone group completed the acquisition of the 5.61% direct interest inBTVL from Warburg Pincus LLC on 18 November 2005. Accordingly, from 18 November2005 Vodafone proportionately consolidated its 5.61% direct stake in BTVL andfrom today will proportionately consolidate its entire 10% economic interest inBTVL. - ends - For further information:Vodafone Group Investor Relations Media Relations Telephone: +44 (0) 1635 664447 Telephone: +44 (0) 1635 664444 Notes to Editors About VodafoneVodafone is the world's leading mobile telecommunications group with operationsin 27 countries across 5 continents with 171 million proportionate customersworldwide as at 30 September 2005 as well as 27 partner networks. For furtherinformation, please visit www.vodafone.com. About BTVLBTVL is the no. 1 mobile operator in India, where it offers nationwide GSMservices to 14.1 million customers as at 30 September 2005. BTVL is also aleading provider of fixed-line services. For the year ended March 2005, BTVL hadconsolidated revenues of Rs.80.0 billion, consolidated EBITDA of Rs.30.1 billionand net income of Rs.15.0 billion. For further information, please visitwww.bhartiteleventures.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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