Update on Verizon Wireless Transaction


WEBWIRE – Thursday, December 05, 2013

FCC APPROVAL RECEIVED

Vodafone today confirms that in connection with the disposal of its US group whose principal asset is its 45% interest in Verizon Wireless to Verizon, Verizon received the required approval from the U.S. Federal Communications Commission (“FCC”). Vodafone welcomes the FCC’s timely consideration of this matter.

The Transactions and the Return of Value remain subject to customary closing conditions, including the approval of Vodafone’s and Verizon’s shareholders. The Transactions and the Return of Value are expected to complete in Q1 2014.

All terms not defined in this announcement shall have the meaning given to them in the announcement on 2 September 2013.

Certain information contained in this announcement constitutes “forward-looking statements,” which can be identified by the use of terms such as “may”, “will”, “should”, “expect”, “anticipate”, “project”, “estimate”, “intend”, “continue,” “target” or “believe” (or the negatives thereof) or other variations thereon or comparable terminology. Such statements express the intentions, opinions, or current expectations of Vodafone with respect to possible future events and are based on current plans, estimates and forecasts which Vodafone has made to the best of its knowledge but which do not claim to be correct in the future. Due to various risks and uncertainties, actual events or results or actual performance of the Company may differ materially from those reflected or contemplated in such forward-looking statements. No assurances can be given that the forward-looking statements in this announcement will be realised. As a result, recipients should not rely on such forward-looking statements. Subject to compliance with applicable law and regulations, Vodafone undertakes no obligation to update these forward-looking statements. No representation or warranty is made as to the achievement or reasonableness of such forward-looking statements. No statement in this announcement is intended to be nor may be construed as a profit forecast.



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