VODACOM ANNOUNCES SALE OF GATEWAY CARRIER SERVICES

RNS Number : 0340F

Vodafone Group Plc

08 June 2012

 



8 June 2012

VODACOM ANNOUNCES THE SALE OF GATEWAY CARRIER SERVICES

On 31 May 2012, Vodacom entered into an agreement to sell certain investments, supplier agreements and assets of Gateway Carrier Services¹, which forms part of Vodacom Business Africa Group (Pty) Limited, to PCCW Global Ltd. for cash consideration of US$26.4 million on a cash-free-debt-free basis.  The agreement will only become effective following the fulfilment of certain closing conditions set out in the agreement.    

Note:

1. Gateway Communications (Pty) Limited, Gateway Communications SA (Belgium), Gateway Communications UK Limited, Gateway Communications Mozambique Limitada and Gateway Communications SAS (France), as well as the supplier agreements and assets of Gateway Communications Africa (UK) Limited.

For further information, please contact:

Vodacom Group

Investor Relations - Belinda Williams

Tel: [phone]

Media Relations - Richard Boorman

Tel: [phone]

 

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