Vodafone Group Plc COMPLETION - ACQUISITION OF LIBERTY GLOBAL ASSETS
August 01 2019 - 2:30AM
Dow Jones News
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RNS Number : 4676H
Vodafone Group Plc
31 July 2019
VODAFONE COMPLETES ACQUISITION OF EUROPEAN LIBERTY GLOBAL
ASSETS
London, 31 July 2019 - Vodafone Group Plc announces today that
it has completed the acquisition of Liberty Global's operations in
Germany and the Czech Republic, Hungary, and Romania (CEE) for a
total enterprise value of EUR18.4 billion.
Vodafone now becomes Europe's leading converged operator with 54
million cable and fibre households 'on-net' and a total
next-generation network reach of 124 million homes and
businesses.(1) Almost half of Vodafone's consumer European service
revenues now come from growing fixed and converged services.
Vodafone Group CEO Nick Read said: "With the acquisition of
Liberty's assets in Germany and CEE, we have completed our
transformation into Europe's leading converged operator. Not only
have we reshaped our business, becoming the owner of the largest
gigabit-capable next generation network infrastructure in the
region, we are now able to play our part in realising the digital
society for millions of customers."
(1.) Pro-forma as of 30 June 2019
- ends -
Vodafone Group
Media Relations Investor Relations
www.vodafone.com/media/contact ir@vodafone.co.uk
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
19 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.
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END
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August 01, 2019 02:15 ET (06:15 GMT)
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