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This excerpt taken from the VOD 20-F filed Jun 14, 2007. Greece The NRA has found all firms to have SMP in the call termination market. Vodafone Greece will reduce its rate from 11.74 eurocents to 10.71 eurocents in June 2007. In March 2006, the three largest mobile network operators were found by the NRA to have colluded in the setting of retail SMS prices and were fined
This excerpt taken from the VOD 6-K filed Dec 1, 2006. Greece
The NRA has found all firms to have SMP over call termination and has developed a Long Run Incremental Cost model (“LRIC model”) to determine cost oriented mobile call termination rates. Vodafone Greece was required to reduce its rate to 14.14 eurocents per minute in August 2006 and further reductions are required to 11.85 eurocents per minute in January 2007 and 10.71 eurocents per minute by June 2007.
In its review of the access market, the NRA found that no mobile network operator had SMP.
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In April 2005, the Council of State issued a judgement that base stations erected by mobile operators prior to August 2002 did not meet legal requirements. A new law was enacted which sought to remedy this, however the exposure limits enacted in Greece are stricter than those contained in international guidelines, which have been adopted by the European Union.
An inquiry is underway in relation to the discovery of a breach of security on the Vodafone network.
This excerpt taken from the VOD 20-F filed Jun 14, 2006. Greece Greece enacted national law implementing the EU Framework in February 2006. Vodafone Greece agreed to reduce its mobile termination rate from approximately 17.0 eurocents to 14.5 eurocents per minute on 1 October 2004. The NRA has found all firms to have SMP in the call termination market and has developed a Long Run Incremental Cost model (“LRIC model”) to determine cost oriented mobile call termination rates. Vodafone Greece will reduce its rate to 12.0 eurocents on 1 June 2006 and further reductions to approximately 10.0 eurocents will be made in one or more steps prior to 1 June 2007. In August 2005, each of the mobile network operators was fined €500,000 for failing to implement mobile number portability. In March 2006, the three largest mobile network operators were found by the NRA to have colluded in the setting of retail SMS prices and were fined €1 million each. Vodafone Greece has filed an administrative appeal. In April 2005, the Council of State issued a judgement that base stations erected by mobile operators prior to August 2002 did not meet legal requirements. The new law seeks to remedy this but also prohibits the installation of base stations in schools and hospitals and decreases EMF exposure limits. In March 2005, Vodafone Greece was made aware of a security issue in its network. Software foreign to the network, and capable of performing interception, had been installed in the network without Vodafone’s knowledge. The software was created, supported and maintained by an external supplier. The foreign software was removed without delay and the Greek authorities promptly informed. The authorities conducted investigations and subsequently made the matter public in February 2006. Since then, further investigations have taken place and continue. Vodafone Greece is co-operating with the Greek authorities.
This excerpt taken from the VOD 6-K filed Dec 15, 2005. Greece
The NRA has launched an investigation into allegations of collusion in the setting of SMS prices by mobile network operators.
In April 2005, the Council of State issued a judgment that base stations erected by mobile operators prior to August 2002 did not meet legal requirements. Draft legislation has been published to address the issues raised by the judgement and to provide a new framework going forward.
This excerpt taken from the VOD 20-F filed Jun 8, 2005. Greece On 3 December 2002, the Group completed the acquisition of a 10.85% interest in its then listed Greek operating subsidiary, Vodafone-Panafon Hellenic Telecommunications Company S.A. (“Vodafone Greece”), from France Telecom S.A. for £216 million in cash. The transaction increased the Group’s effective holding in this company from 51.88% to 62.73%. During the 2003 financial year, the Group made market purchases of shares which increased the Group’s effective interest to 64.0% at 31 March 2003. On 1 December 2003, following the purchase of a 9.433% stake in Vodafone Greece from Intracom S.A., the Group announced a public offer for all remaining shares not held by the Group. As a result of the offer and subsequent market purchases, the Group increased its effective interest in Vodafone Greece to 99.4% at 31 March 2004. The total aggregate cash consideration paid in the 2004 financial year was £815 million. Vodafone Greece’s shares were delisted from the Athens and London Stock Exchanges on 15 July 2004 and 20 August 2004 respectively. Between 24 January 2005 and 31 March 2005, the Group acquired a further 0.4% interest in Vodafone Greece through private transactions at a price equal to the price paid in the public offer. | EXCERPTS ON THIS PAGE:
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