REG - Vodafone Group Plc - VODAFONE COMPLETES EGYPT TRANSFER TO VODACOM

VodafoneAnnouncement

13/12/2022 07:16

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RNS Number : 5070J  Vodafone Group Plc  13 December 2022

13 December 2022

 

VODAFONE COMPLETES THE TRANSFER OF ITS 55% INTEREST IN VODAFONE EGYPT TO
VODACOM

 

Vodafone Group Plc(1) ("Vodafone") has completed the transfer of its 55%
shareholding in Vodafone Egypt to Vodacom Group Limited ("Vodacom"), its
African subsidiary.

 

This transfer simplifies the management of Vodafone's African assets. Vodacom
gains exposure to another leading business in an attractive market,
diversifying its portfolio and accelerating its growth profile. Vodafone Egypt
will benefit from closer co-operation with Vodacom, enabling it to accelerate
growth in financial services and the Internet of Things.

 

Vodafone has been issued with 242 million shares in Vodacom and received cash
proceeds of €577 million in exchange for its 55% shareholding in Vodafone
Egypt.

 

Margherita Della Valle, Vodafone Group Chief Executive designate said: "With
the completion of the transfer of Vodafone Group Plc's shareholding in
Vodafone Egypt to Vodacom Group Limited, we are simplifying Vodafone Group's
structure and supporting Vodacom and Vodafone Egypt for future growth."

 

Following completion, Vodafone's shareholding in Vodacom has increased from
60.5% to 65.1%.

 

 

- ends -

 

1.     The selling entities were Vodafone Europe B.V. and Vodafone
International Holdings B.V., which are 100% owned indirect subsidiaries of
Vodafone Group Plc.

 

 

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

 

Unique in its scale as the largest pan-European and African technology
communications company, Vodafone transforms the way we live and work through
its innovation, technology, connectivity, platforms, products and services.

 

Vodafone operates mobile and fixed networks in 21 countries, and partners with
mobile networks in 47 more. As of 30 September 2022, we had over 300 million
mobile customers, more than 28 million fixed broadband customers, and 22
million TV customers. Vodafone is a world leader in the Internet of Things
(IoT), connecting more than 150 million devices and platforms.

 

We have revolutionised fintech in Africa through M-Pesa, which celebrates its
15(th) anniversary in 2022. It is the region's largest fintech platform,
providing access to financial services for more than 50 million people in a
secure, affordable and convenient way.

 

Our purpose is to connect for a better future by using technology to improve
lives, digitalise critical sectors and enable inclusive and sustainable
digital societies.

 

We are committed to reducing our environmental impact to reach net zero
emissions across our full value chain by 2040, while helping our customers
reduce their own carbon emissions by 350 million tonnes by 2030.  We are
driving action to reduce device waste and achieve our target to reuse, resell
or recycle 100% of our network waste.

 

We believe in the power of connectivity and digital services to improve
society and economies, partnering with governments to digitalise healthcare,
education and agriculture and create cleaner, safer cities. Our products and
services support the digitalisation of businesses, particularly small and
medium enterprises (SMEs).

 

Our inclusion for all strategy seeks to ensure no-one is left behind through
access to connectivity, digital skills and creating relevant products and
services such as access to education, healthcare and finance. We are also
committed to developing a diverse and inclusive workforce that reflects the
customers and societies we serve.

 

For more information, please visit www.vodafone.com
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.vodafone.com%2F&data=05%7C01%7Csteve.sheppersonsmith%40vodafone.com%7Ce7143bf232844ba43f9e08dac67b1947%7C68283f3b84874c86adb3a5228f18b893%7C0%7C0%7C638040529289388442%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=Iq2RarSne6lJ9oWzWovAxktzK8Jmrgcbw3l2U3vRCy4%3D&reserved=0)
, follow us on Twitter at @VodafoneGroup or connect with us on LinkedIn at
www.linkedin.com/company/vodafone
(https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fvodafone&data=05%7C01%7Csteve.sheppersonsmith%40vodafone.com%7Ce7143bf232844ba43f9e08dac67b1947%7C68283f3b84874c86adb3a5228f18b893%7C0%7C0%7C638040529289388442%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=DLmf9E8rpMHh2iC%2FuWMJW7OD4Ks0rd2ld9SKFAaqNLM%3D&reserved=0)
.

 

About Vodacom

 

Vodacom is a leading and purpose-led African connectivity, digital and
financial services company. From our roots in South Africa, we have grown our
business to include operations in Tanzania, the Democratic Republic of the
Congo (the DRC), Mozambique, Lesotho and Kenya. Our mobile networks cover a
population of over 400 million people. Through Vodacom Business Africa (VBA),
we offer business-managed services to enterprises in 48 countries. Vodacom is
majority owned by Vodafone (65.1% holding), one of the world's largest
communications companies by revenue.

 

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