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Vodafone acquires SBC's stake in Cegetel
Posted: 21-Jan-2003 [Source: Vodafone Group Plc]

[Vodafone has increased its share of SFR to 43.9%.]

Vodafone Group Plc ("Vodafone") announces today that its wholly-owned subsidiary Vodafone Holding GmbH has completed its acquisition of SBC Communications Inc.'s shareholding in Transtel S.A., representing a 15% economic interest in Cegetel Groupe S.A., for a cash consideration of US$2.27 billion.

Vodafone has been a long-standing investor in France and is pleased to have increased its economic interest in SFR to 43.9%.

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