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Technology Stocks : Vodafone-Airtouch (NYSE: VOD)
VOD 14.65-0.4%Jan 30 9:30 AM EST

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To: MrGreenJeans who wrote (2827)5/31/2000 7:51:00 AM
From: MrGreenJeans  Read Replies (1) of 3175
 
31/5/00 08:30 BST
Vodafone's Gent sees accord over Airtel within 1 mth
MADRID (AFX) - Vodafone AirTouch PLC expects an agreement over its planned
acquisition of Banco Santander Central Hispano SA's stake in Airtel SA within
one month, Expansion reported citing Vodafone chairman Chris Gent.
As part of an initial agreement, Expansion said BSCH will swap its 30.45 pct
stake in Airtel for 2.5 pct of Vodafone, raising its stake to over 50 pct.
Expansion said Vodafone is also expected to reach a "friendly" agreement
with British Telecommunications PLC which will include the acquisition of the UK
operator's 17 pct of Airtel.
Vodafone has already reached agreements with Airtel's other shareholders to
acquire their stakes, thereby gaining full control of the Spanish wireless
group, it said.
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