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NEWS ACQUISITIONS, MERGERS & AGREEMENTS Vodafone Aims for a Stronger Position in Asia U.K. mobile operator Vodafone Group PLC last week strengthened its position within the Asian market. First the mobile operator signed a Strategic Alliance Agreement with China Mobile (Hong Kong) Limited and then acquired an additional 10 percent stake in Japan Telecom Co.China Mobile Limited Through this alliance, the companies expect that their combined resources, expertise, and experience will help to create a global mobile platform, with unprecedented opportunity for shareholder value creation, Vodafone said. Japan Telecom Vodafone will need a strong presence in Japan and China if it intends to become the global mobile player. But it will remain to be seen if Japan Telecom, with 16 percent of the Japanese market, and China Mobile, with a subscription base of 42.7 million, will allow a British foreigner the voice it is seeking. For more information: http://www.vodafone.com/cgi-bin/VFAT/vfat/login.jsp?newsession=yes#_topMobileinfo Comments and Advisory: The entire world is watching Japan as a success story with its i-Mode and similar implementations. There is as much to learn in Japan but there is a lot of difference in infrastructure, culture and user expectations. You can learn but not transplant. Note: This news release may contain forward-looking statements. Readers should take appropriate caution in developing plans utilizing these products, services and technology architectures. All trademarks used in this summary are the property of their respective owners. NEWS
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