16th May 2014 07:06
Friday, 16 May 2014
For immediate release
Carphone Warehouse Group plc ("CPW")
Exclusivity agreement for the sale of Virgin Mobile France
CPW and all of the other shareholders of Omer Telecom Limited ("Omer"), of which CPW owns 46%, being the holding company of the Virgin Mobile business in France, have today entered into an exclusivity agreement in respect of the proposed sale of 100% of Omer to Numericable Group for an enterprise value of Euro 325 million.
During the exclusivity period the parties will carry out the necessary consultations with employee work councils, with the transaction also being subject to the approval of the French Competition Authority.
For further information
For analyst and institutional enquiries
Kate Ferry, Investor Relations Director +44 (0) 77 489 33206
Kerry Becker, Investor Relations Manager +44 (0) 77 489 10861
For media enquiries
Anthony Carlisle (Citigate Dewe Rogerson) +44 (0) 79 736 11888 / +44 (0) 207 638 9571
Elizabeth Holloway, Head of PR, CPW +44 (0) 74 435 81015 / +44 (0) 208 617 2019
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