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Technology Stocks : Vodafone-Airtouch (NYSE: VOD)

VOD 14.71

+0.8%

3:59 PM EST

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To: David Wiggins who wrote (1906)	9/1/1999 9:17:00 AM
From: David Wiggins	Read Replies (1) of 3175

Vodafone acquires UniqueAir for 51 mln stg LONDON, Sept 1 (Reuters) - Vodafone AirTouch Plc, the world's biggest cellphone company, said on Wednesday its subsidiary Vodafone Distribution Ltd had agreed to acquire UniqueAir, the service provider subsidiary of independent automotive parts business Unipart Group. Vodafone said it will pay around 51 million pounds for UK-based UniqueAir which has some 291,000 customers, of whom about 70 percent are connected to the Vodafone network. Unipart said it had not been an easy decision to sell Oxfordshire-based UniqueAir, which has retail outlets in the southeastern England and employs around 430 staff. But it said it remained convinced the company would have a more secure future as part of a global mobile telecoms company. ``A fundamental part of our decision to sell to Vodafone was their commitment to maintain the Abingdon site (in southern England) and provide continuing job opportunities to our people,' Unipart Chief Executive John Neill said.

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