Business
Update on Vantage Towers Co-Control Partnership
Update on Vantage Towers Co-Control Partnership.
About this update from Vodafone Group Public Limited Company
[{"type":"text","content":"\n\n \n18 July 2023\n \nUpdate on Co-Control Partnership for Vantage Towers\n \nFurther to the announcement of a co-control partnership for Vantage Towers on 9 November 2022, Vodafone Group Plc (\"Vodafone\") announces that, based on commitments secured by the consortium of long-term infrastructure investors led by Global Infrastructure Partners and KKR (together the \"Consortium\"), Vodafone will receive further proceeds of €500 million, taking total net proceeds to €5.4 billion and the Consortium's ownership in Oak Holdings GmbH (\"Oak Holdings\") to 40%.\n \nVodafone has agreed with the Consortium a further 6 month window to acquire additional shares in Oak Holdings at the same price, up to a maximum of 50% ownership, by the end of 2023. Vodafone's 12 month option to pursue a sell-down to a 50% ownership stake in Oak Holdings outside of lock-up provisions and other restrictions will now commence on 1 January 2024.1\n \n- ends - \n \nFor more information, please contact:\nInvestor Relations Media Relations\ninvestors.vodafone.com vodafone.com/news/contact-us\[email protected] [email protected]\nRegistered Office: Vodafone House, The Connection, Newbury, Berkshire RG14 2FN, England. Registered in England No. 1833679\n \nAbout Vodafone\n \nVodafone is the largest pan-European and African telecoms company. 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.\n \nWe provide mobile and fixed services to over 300 million customers in 17 countries, partner with mobile networks in 46 more and are also a world leader in the Internet of Things (IoT), conne...