Project sold to Vodafone for GBP155 million

5 Aug 2003

As predicted here yesterday, Vodafone has closed the deal to buy Project Telecom for GBP155 million. Vodafone will pay 70 pence per share, 43% more than the stock’s closing price of 49 pence on 10 July. Most of Project’s 210,000 customers are corporate subscribers, an area in which Vodafone is keen to boost its presence.

United Kingdom