This excerpt taken from the VOD 6-K filed Apr 7, 2006.



Vodafone Group Plc (“Vodafone”) today announces changes to its organisational structure including some new appointments which will be effective from 1 May.


The overall objective of the new structure is to focus the business according to different market and customer requirements. There are three key principles to the new structure:


                 To drive operational benefits and cost reduction from local and regional scale in more mature markets


                 To drive profitable growth from the company’s emerging market portfolio


                 To position the company to capture new revenue streams by extending its reach into converged and IP services


As a result, the operations of the Group will be managed through three new business units:


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