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Vodafone Acquires Vivendi's Stake In Vizzavi

Vodafone Group Plc ("Vodafone") announces that it has signed and completed an agreement for the acquisition (“the Acquisition”) of Vivendi’s 50% stake in the Vizzavi Group companies (“Vizzavi”), that operate the joint venture mobile content business. As a result of this transaction Vodafone owns 100% of Vizzavi, with the exception of Vizzavi France, which is now wholly owned by Vivendi Universal S.A. (“Vivendi”).

Vivendi has received Euro 142.7 million in cash. Following the acquisition, Vizzavi has no further indebtedness outstanding to Vivendi.

Vodafone will continue to focus Vizzavi’s operations on providing multi-media entertainment-led consumer content aimed at increasing customer usage and to further integrate these operations into the Vodafone Group.

Since its inception, Vizzavi has built up considerable experience in the provision of mobile content and information services. It has also established a unique portfolio of content partnerships. These assets will form an integral part of Vodafone’s strategy in providing differentiated services to its customers and are of particular importance to the launch of Vodafone Live!, the new consumer service, later this year.