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60
Vodafone Group Plc
Annual Report & Accounts
for the year ended
31 March 2001
JOINT VENTURES, ASSOCIATED UNDERTAKINGS AND INVESTMENTS
Vodafone Group Plc had, at 31 March 2001, the following principal joint ventures, associated undertakings and investments.
Prin cip al join t ven tures
The country of incorporation or registration of the Group’s joint venture is also its principal place of operation.
Latest Country of
Percentage financial incorporation
Name Activity shareholding accounts or registration
Vizzavi Limited Internet and mobile data provider 50.0 31.3.01 UK
The Group’s investment is subject to an arrangement that confers joint control. The registered or principal office of the company is 80 Strand,
London, WC2R 0RJ.
Prin cip al associated undertakin gs
Vodafone Group Plc’s principal associated undertakings all have share capital consisting solely of ordinary shares, unless otherwise stated, and
are all indirectly held. The country of incorporation or registration of all associated undertakings is also their principal place of operation.
Percentage(1) Latest Country of
shareholding/ Par value of financial incorporation
Name Activity partnership interest issued equity accounts or registration
Belgacom Mobile S.A. Cellular network operator 25.0 BEF 2.82m 31.12.00 (6) Belgium
Cellco Partnership (2) Cellular network operator 45.0 –31.12.00 (6) USA
Cegetel Groupe S.A. Holding and 15.0 11,432.867m 31.12.00 (6) France
telecommunications company
J-Phone Communications Ltd (3) Holding company 26.0 Yen 3,200m 31.3.01 Japan
J-Phone Central Co Limited (3),(4) Cellular network operator 10.0 Yen 16,150m 31.3.01 Japan
J-Phone East Co Limited (3),(4) Cellular network operator 14.0 Yen 21,176.5m 31.3.01 Japan
J-Phone West Co Limited (3),(4) Cellular network operator 10.1 Yen 18,876.5m 31.3.01 Japan
Mobifon S.A. Cellular network operator 20.1 ROL 10,000 31.12.00 (6) Romania
Polkomtel S.A. Cellular network operator 19.6 PLN 1,500m 31.12.00 (6) Poland
RPG Cellular Services Limited Cellular network operator 20.6 490m Rupees 31.3.01 India
Safaricom Limited Cellular network operator 40.0 1,000 Shs 31.3.01 Kenya
Société Française du Radiotéléphone S.A.
(.5) Cellular network operator 20.0 1964.25m 31.12.00 (6) France
Swisscom Mobile S.A. Cellular network operator 25.0 CHF100m – (7) Switzerland
Vodacom Group (Pty) Limited Holding company 31.5 ZAR 100 31.3.01 South Africa
Vodafone Fiji Limited Cellular network operator 49.0 F$ 6m 31.3.01 Fiji
(1) To nearest tenth of one percent.
(2) Cellco Partnership trades under the name Verizon Wireless. The registered or principal office of the partnership is 180 Washington Valley Road, Bedminster,
New Jersey 07921, USA.
(3) The Group also holds an indirect interest in these companies through its investment in Japan Telecom Co., Ltd.
(4) The Group holds a further indirect interest in these companies through its interest in J-Phone Communications Ltd.
(5) The Group also holds an indirect interest in Société Française du Radiotéléphone S.A. through its interest in Cegetel Groupe S.A.
(6) Accounts are drawn up to 31 March 2001 for consolidation in the Group’s financial statements.
(7) The first financial year of Swisscom Mobile SA is for the period to 31 December 2001.
Prin cip al in vestmen ts
The shareholdings in investments consist solely of ordinary shares and are indirectly held. The principal country of operation is the same as the
country of incorporation or registration.
Country of
Percentage(1) incorporation
Name Activity shareholding or registration
Atecs Mannesmann AG (2) Engineering and automotive products 50.0 Germany
China Mobile (Hong Kong) Limited (3) Cellular network operator 2.2 China
Japan Telecom Co., Ltd (4) Holding and telecommunications company 7.5 Japan
Shinsegi Telecom, Inc Cellular network operator 11.7 Korea
(1) To nearest tenth of one percent.
(2) The Group has not consolidated or equity accounted for its ownership interest in Atecs Mannesmann AG during the year since the rights conferred by the Group’s
shareholding do not satisfy the definitions of a subsidiary or associated undertaking under UK GAAP.
(3) China Mobile (Hong Kong) Limited is listed on the Hong Kong and New York stock exchanges and is incorporated under the laws of Hong Kong.
(4) Japan Telecom Co., Ltd is listed on the Tokyo stock exchange.
Full details of all subsidiary undertakings, joint ventures, associated undertakings and investments will be attached to the Company’s Annual
Return, to be filed with the Registrar of Companies.