Notes to the Consolidated Financial Statements
Notes 31 -37
- 31. Commitments
- 32. Contingent liabilities
- 33. Directors and key management compensation
- 34. Related party transactions
- 35. Employees
- 36. Subsequent events
- 37. New accounting standards
36. Subsequent events
On 16 May 2008, Vodafone acquired 100% of ZYB, a privately-owned company based in Denmark, which operates a social networking and online management tool enabling mobile phone users to back-up and share their handsets’ contact and calendar information online, for cash consideration of €32 million (£25 million).
On 19 May 2008, the Group acquired 26.4% of Arcor previously held by minority interests for cash consideration of €474 million (£377 million). Following this transaction, Vodafone owns 100% of Arcor.