9th May 2007 07:00
Vodafone Group Plc08 May 2007 8 May 2007 VODAFONE ANNOUNCES COMPLETION OF THE ACQUISITION OF HUTCH ESSAR Further to the announcements of 11 February and 15 March 2007, Vodafoneannounces that it has today completed the acquisition from HutchisonTelecommunications International Limited ("HTIL") of companies with interests inHutchison Essar Limited ("Hutch Essar"). Following this transaction, Vodafonewill control Hutch Essar. Vodafone will pay US$10.9 billion (£5.5 billion) in cash to HTIL, reflectingretention and closing adjustments agreed between Vodafone and HTIL. Commenting on the transaction, Arun Sarin, Chief Executive of Vodafone, said: "I am delighted that, having secured all the necessary regulatory approvals, weare now able to complete this important transaction and move onto the process ofintegration. India is a tremendously exciting, fast moving market and I amconfident that the Hutch Essar business will make a major contribution to theVodafone Group over the coming years." - ends - For further information: Vodafone GroupInvestor Relations Media RelationsTelephone: +44 (0) 1635 664447 Telephone: +44 (0) 1635 664444 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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