Agreement Signed

Vodafone AirTouch PLC
17 May 2000


VIVENDINET AND VODAFONE AIRTOUCH ANNOUNCE AGREEMENT ON MULTI-ACCESS
                          INTERNET PORTAL

VivendiNet  (a  joint  venture  between  Vivendi  and  Canal+)  and
Vodafone  AirTouch Plc ('Vodafone') announce that, further  to  the
letter  of intent signed on 30 January 2000, an agreement has  been
signed  for the creation of a 50/50 company to establish  a  multi-
access  internet portal for Europe. This new company will be called
VIZZAVI and operate under this brand name.

This multi access internet portal will allow customers to:
* access  personalised services such as e-mail,  address  book  and
  calendar.   Addresses will be unified within the  VIZZAVI  domain
  name;
* search  for  information using a search engine, a  directory  and
  live help services;
* view  and  listen  to a variety of content such  as  information,
  entertainment and music;
*    conduct e-commerce transactions

VIZZAVI  will become the default home page for Vodafone's, Canal+'s
and  Vivendi's national operating companies throughout Europe, with
access to more than 70 million customers. The multi-access internet
portal  will  provide these services to customers in  a  consistent
format,  throughout  Europe, across different platforms,  including
mobile  handsets,  personal  computers,  televisions  and  personal
digital assistants.

The  VIZZAVI brand name suggests the key values of the multi-access
portal: VIZZAVI is 'my vis-a-vis' - a personal companion that knows
the  users well and opens up their world in a simple, personal  and
fun   manner.  VIZZAVI  also  evokes  a  seamless  universe   where
information  and communication move effortlessly between  different
access devices (PC, mobile phone, television, PDA, etc).

VIZZAVI  will  be  governed  by  a  Board  of  eight  Non-Executive
Directors  contributed equally by each partner  and  two  Executive
Directors (CEO and CFO). As previously announced, Evan Newmark  has
been  appointed  Chief Executive of VIZZAVI. The business  will  be
chaired  initially by Jean-Marie Messier until mid-2002 when  Chris
Gent will take over under an agreement that the chairmanship of the
company  will  rotate every two years. Further  Board  appointments
will  be announced in due course. It is anticipated that an IPO  of
VIZZAVI will occur within two years.

VIZZAVI  will  be  headquartered in London, England  with  national
VIZZAVI subsidiaries initially in UK, France, Germany and Italy. In
the  coming  months, the existing portal assets  and  resources  of
Vodafone's  and Vivendi's operating companies, excluding VivendiNet
vertical  portals,  will be transferred to VIZZAVI.  The  operating
companies  (television and mobile), in the UK, France, Germany  and
Italy  will  be  offered 20% of the equity of the national  VIZZAVI
subsidiaries.

The  revenue  sharing arrangement allows for  100%  of  the  access
revenues  to remain with the national operating company  while  the
portal  gross  margin will be split 50/50 between VIZZAVI  and  the
national  operating company. This arrangement is subject to  review
after two years.

VIZZAVI  will  have  its own technology team to develop  the  multi
access  interfaces.  It  will  work  in  close  co-operation   with
Vodafone's  global  mobile platform technology  team  to  ensure  a
seamless global service.

The  partners anticipate that VIZZAVI will be launched commercially
in France within the next few weeks, in compliance with the Cegetel
shareholders' agreement, and in the UK in July, and in Germany  and
Italy  by  the  end  of  the  year. Content  will  be  provided  by
VivendiNet  (Havas, Havas Interactive and Canal+)  on  a  preferred
supplier basis and VIZZAVI will source further external content and
develop some services in-house.

VivendiNet will also be a preferred supplier outside of Europe.

It  is  anticipated that the other operating affiliates of Vodafone
and Vivendi will sign agreements on a similar basis.

In  addition to the VIZZAVI joint venture agreement, VivendiNet and
Vodafone  have  agreed  to continue to study possible  co-operation
arrangements  in the areas of multi-access portals  outside  Europe
based on the opportunities they may generate.

Subject to the Cegetel shareholders agreement, Vodafone has offered
Vivendi  the possibility of purchasing the entire 15% of  Cegetel's
capital stock currently held by Vodafone.

The  standstill agreement covering Vodafone taking  a  position  in
Vivendi has been extended to four years.

Commenting on the agreement, Chris Gent Chief Executive of Vodafone
said: 'This agreement with Vivendi, signed ahead of schedule, marks
a  significant  step in our progress to become one of  the  world's
leading providers of internet services. It will give access to  the
internet  and  the  range  of bespoke services  that  VIZZAVI  will
provide,  through any form of device that can access the  internet,
to anyone who chooses to use it, wherever they may be.'

Jean-Marie  Messier CEO of Vivendi added, 'Due to its  multi-access
possibilities, its personalised, seamless content and the  size  of
its customer base, VIZZAVI is set to become the first portal of the
second  Internet  age. Over and beyond, the  use  of  the  wireless
application  protocol  (WAP), VIZZAVI  heralds  the  start  of  the
potential  offered  by high speed technologies and  fluid  dialogue
between different devices. It's a double revolution that will  turn
the  internet into a simple, useful and fun tool that  will  become
part of daily life for everyone.'


For further information contact:
Terry Barwick, Director of Corporate Affairs
Tim Brown, Investor Relations Director
Melissa Stimpson, Senior Investor Relations Manager
Vodafone AirTouch Plc
Telephone: [phone]

Lulu Bridges
Tavistock Communications
Telephone:  [phone]