Vodafone Announces Completion of Acquisition of 25% of Swisscom Mobile

Apr 02, 2001, 01:00 ET from Vodafone Group Plc

    NEW YORK, April 2 /PRNewswire/ -- Vodafone Group Plc (NYSE:   VOD; LSE)
 ("Vodafone") announces that closing of its acquisition of a 25% stake in
 Swisscom Mobile took place on 30 March 2001 as expected.
     Vodafone has satisfied the first tranche of the consideration by the issue
 of 422,869,008 new Vodafone shares and the payment of CHF25 million in cash.
     These shares have now been sold in the market at an average price of
 approximately 198.75 pence per share.  Swisscom Mobile has no economic or
 other interest in these shares.
 
 

SOURCE Vodafone Group Plc
    NEW YORK, April 2 /PRNewswire/ -- Vodafone Group Plc (NYSE:   VOD; LSE)
 ("Vodafone") announces that closing of its acquisition of a 25% stake in
 Swisscom Mobile took place on 30 March 2001 as expected.
     Vodafone has satisfied the first tranche of the consideration by the issue
 of 422,869,008 new Vodafone shares and the payment of CHF25 million in cash.
     These shares have now been sold in the market at an average price of
 approximately 198.75 pence per share.  Swisscom Mobile has no economic or
 other interest in these shares.
 
 SOURCE  Vodafone Group Plc