Vodafone Group Plc COMPLETION OF SALE OF VODAFONE NEW ZEALAND

Fecha : 31/07/2019 @ 01:00
Fuente : UK Regulatory (RNS & others)
Emisora : Vodafone Group Plc (VOD)
Cotización : 152.04  -0.38 (-0.25%) @ 10:29
Vodafone Cotización de acciones Gráfica

Vodafone Group Plc COMPLETION OF SALE OF VODAFONE NEW ZEALAND

Vodafone (LSE:VOD)
Gráfica de Acción Histórica

6 Meses : De May 2019 a Nov 2019

Haga Click aquí para más Gráficas Vodafone.

TIDMVOD

RNS Number : 2676H

Vodafone Group Plc

31 July 2019

31 July 2019

VODAFONE GROUP COMPLETES SALE OF VODAFONE NEW ZEALAND

Vodafone Group Plc ("Vodafone") has completed the sale of 100% of Vodafone New Zealand Limited ("VFNZ") to a consortium comprising Infratil Limited and Brookfield Asset Management Inc. for a cash consideration equivalent to an Enterprise Value of NZ$3.4bn (EUR2.1bn(1) ), implying an FY'19 multiple of 7.3x Adjusted EBITDA(2) and 16.2x Adjusted OpFCF(3) .(4)

Vodafone and VFNZ have now entered into a Partner Market agreement, which includes use of the Vodafone brand, preferential roaming arrangements, access to Vodafone's global IoT platform and central procurement function, and a range of services for the business and consumer markets.

Proceeds from the sale will be used to reduce Vodafone's net debt.

Nick Read, CEO, Vodafone Group, said: "This transaction is a continuation of our strategy to optimise our portfolio and reduce our debt. I am pleased we will continue our 21-year relationship with the business and talented team in New Zealand through a Partner Market agreement, delivering Vodafone's technology and services to benefit the country as it transitions to a digital society."

- ends -

Vodafone Group

 
 Media Relations                   Investor Relations 
  www.vodafone.com/media/contact    ir@vodafone.co.uk 
 

(1) Converted from NZ$ to EUR at a rate of 1.6464 (as of 31-Mar-19)

(2) Net of pro-forma Vodafone Partner Market Agreement service fees

(3) Adjusted OpFCF defined as Adjusted EBITDA minus capex

(4) The selling entity is Vodafone Europe B.V., a 100% owned indirect subsidiary of Vodafone Group Plc

About Vodafone Group

Vodafone Group is one of the world's leading telecoms and technology service providers. We have extensive experience in connectivity, convergence and the Internet of Things, as well as championing mobile financial services and digital transformation in emerging markets.

Vodafone Group has mobile operations in 24 countries, partners with mobile networks in 42 more, and fixed broadband operations in 18 markets. As of 30 June 2019, Vodafone Group had approximately 640 million mobile customers, 21 million fixed broadband customers and 14 million TV customers, including all of the customers in Vodafone's joint ventures and associates. For more information, please visit: www.vodafone.com.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

DISURONRKRABOAR

(END) Dow Jones Newswires

July 31, 2019 02:00 ET (06:00 GMT)

Su Consulta Reciente
BMV
FIBRAPL14
Fibra Prol..
BMV
AMXL
América Mó..
BMV
ME
IPC México
BMV
ALSEA*
Alsea
FX
USDMXN
United Sta..
Las acciones que ha visto aparecerán en este recuadro, lo que le permite volver fácilmente a las cotizaciones que ha consultado previamente
Registrarse ahora para crear su lista personalizada de acciones en streaming.

Cotizaciones PLUS están en tiempo real. Cotizaciones NYSE y AMEX están con retraso de por lo menos 20 minutos.
El resto de las cotizaciones están con retraso de por lo menos 15 minutos al menos que se indique lo contrario.

Al acceder a los servicios disponibles de ADVFN usted acepta quedar sujerto a los Términos y Condiciones

P: V:mx D:20191121 19:53:12