Vodafone Group Plc VODAFONE COMPLETES GREEK TOWER COMBINATION (2542J)
21 Diciembre 2020 - 9:45AM
UK Regulatory
TIDMVOD
RNS Number : 2542J
Vodafone Group Plc
21 December 2020
21 December 2020
COMBINATION OF THE TOWER ASSETS OF VODAFONE GREECE AND WIND
HELLAS COMPLETED
Further to the announcement on 24 July 2020, Vodafone announced
today that it has completed the combination of the tower
infrastructure assets of Vodafone Greece with those of Wind Hellas
Telecommunications SA ("Wind Hellas"). The combined entity
("Vantage Towers Greece") is the largest tower infrastructure
company in Greece. Vodafone will own 62% of Vantage Towers Greece
and Crystal Almond S.À.R.L ("Crystal Almond"), the controlling
shareholder of Wind Hellas, will own the remaining 38%.
Vantage Towers has a call option (the "Call Option") until 31
December 2021 to acquire the remaining 38% of Vantage Towers Greece
from Crystal Almond for EUR288 million in cash (with the price
increasing by 5% if the Call Option has not been exercised by 1
July 2021). Vodafone has agreed that, in the event Vantage Towers
publishes an "Intention to Float" announcement in relation to an
IPO of Vantage Towers, the Call Option will automatically be
triggered.
- ends -
For more information, please contact:
Investor Relations Media Relations
Investors.vodafone.com Vodafone.com/media/contact
ir@vodafone.co.uk GroupMedia@vodafone.com
Registered Office: Vodafone House, The Connection, Newbury,
Berkshire RG14 2FN, England. Registered in England No. 1833679
About Vodafone
Vodafone is a leading telecommunications company in Europe and
Africa. Our purpose is to "connect for a better future" and our
expertise and scale gives us a unique opportunity to drive positive
change for society. Our networks keep family, friends, businesses
and governments connected and - as COVID-19 has clearly
demonstrated - we play a vital role in keeping economies running
and the functioning of critical sectors like education and
healthcare.
Vodafone is the largest mobile and fixed network operator in
Europe and a leading global IoT connectivity provider. Our M-Pesa
technology platform in Africa enables over 45m people to benefit
from access to mobile payments and financial services. We operate
mobile and fixed networks in 21 countries and partner with mobile
networks in 48 more. As of 30 September 2020, we had over 300m
mobile customers, more than 27m fixed broadband customers, over 22m
TV customers and we connected more than 112m IoT devices.
We support diversity and inclusion through our maternity and
parental leave policies, empowering women through connectivity and
improving access to education and digital skills for women, girls,
and society at large. We are respectful of all individuals,
irrespective of race, ethnicity, disability, age, sexual
orientation, gender identity, belief, culture or religion.
Vodafone is also taking significant steps to reduce our impact
on our planet by reducing our greenhouse gas emissions by 50% by
2025 and becoming net zero by 2040, purchasing 100% of our
electricity from renewable sources by 2025, and reusing, reselling
or recycling 100% of our redundant network equipment.
For more information, please visit www.vodafone.com , follow us
on Twitter at @VodafoneGroup or connect with us on LinkedIn at
www.linkedin.com/company/vodafone .
About Vantage Towers
Vantage Towers is one of Europe's largest and most
geographically diverse tower companies with 68,000 towers across
nine countries. We hold either the #1 or #2 market share positions
in eight of the nine countries in which we operate, and our
commanding portfolio of assets is matched by a next-generation
approach to network sharing and services.
Our expanding infrastructure and efficient, high quality
connectivity is accelerating the sustainable digitisation of
Europe's communities by connecting people, businesses, and
internet-enabled devices like never before.
We combine our scale, stability and quality with the agility,
optimism and energy of a start-up. We're inspired by our past
successes and excited by the opportunities in front of us.
For more information, please visit www.vantagetowers.com .
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