OXG secures new shareholder and funding

Vodafone Group Plc ("Vodafone") announces that OXG, its fibre joint venture in Germany, will have a new shareholder with Societe Generale S.A. agreeing to acquire a 50% shareholding in OXG Glasfaser Beteiligungs-GmbH ("OXG") from Geodesia Holding S.à r.l.

The transaction secures a committed funding partner in OXG, enabling the continued expansion of its fibre network in Germany, while maintaining strategic flexibility for Vodafone.

The transaction remains subject to customary regulatory approvals and closing conditions.

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Vodafone is a leading European and African telecoms company.

We serve around 370 million mobile and broadband customers, operating networks in 17 countries with investments in a further three and partners in over 40 more. We have capacity on more than 70 subsea cable systems - the backbone of the internet - and we are developing a new direct-to-mobile satellite communications service to connect areas without coverage. Vodafone runs one of the world's largest IoT platforms, with over 240 million IoT connections globally, and we provide financial services to around 103 million customers across eight African countries - managing more transactions than any other provider.

From the seabed to the stars, Vodafone's mission is to connect everyone.

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