Vodafone Group Plc NATIONAL ROAMING AGREEMENT WITH 1&1 IN GERMANY (0796I)

TIDMVOD

RNS Number : 0796I

Vodafone Group Plc

02 August 2023

2 August 2023

NATIONAL ROAMING AGREEMENT WITH 1&1 IN GERMANY

Vodafone Group Plc ("Vodafone") announces today that Vodafone GmbH ("Vodafone Germany") and 1&1 Mobilfunk GmbH ("1&1") have agreed a long-term national roaming partnership, which will deliver 5G mobile coverage nationwide to 1&1's customers from the second half of calendar 2024.

Key terms of the agreement

   --    Exclusive national roaming partnership, supporting current and future mobile technologies 
   --    Long-term commercial agreement of up to 18 years, with gradual implementation during FY25 

-- 1&1 wholesale unitary costs indexed to Vodafone's mobile network cost, to reflect the impact of inflation and technology evolution over time, providing long-term visibility to both parties

The agreement is expected to be accretive to Group cashflow from FY26.

- ends -

For more information, please contact:

   Investor Relations                                             Media Relations 
   investors.vodafone.com                                              vodafone.com/news/contact-us 
   [e-mail]                                                      [e-mail] 

Registered Office: Vodafone House, The Connection, Newbury, Berkshire RG14 2FN, England. Registered in England No. 1833679

About Vodafone

Vodafone 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.

We 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), connecting over 167 million devices and platforms. With Vodacom Financial Services and M-Pesa, the largest financial technology platform in Africa, we serve more than 71 million people across seven countries.

We are committed to reducing our environmental impact to reach net zero emissions by 2040, while helping our customers reduce their own carbon emissions by 350 million tonnes by 2030. We are driving action to reduce device waste and achieve our target to reuse, resell or recycle 100% of our network waste by 2025.

For more information, please visit www.vodafone.com , follow us on Twitter at @VodafoneGroup or connect with us on LinkedIn at www.linkedin.com/company/vodafone .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

AGRBLLFBXVLBBBD

(END) Dow Jones Newswires

August 02, 2023 06:46 ET (10:46 GMT)