Notes to the consolidated
financial statements
12. Principal subsidiaries
At 31 March 2010 the Company had the following principal subsidiaries carrying on businesses which affect the profits and assets of the Group. Unless otherwise stated the Company’s principal subsidiaries all have share capital consisting solely of ordinary shares and are indirectly held. The country of incorporation or registration of all subsidiaries is also their principal place of operation. All subsidiaries are directly or indirectly owned by the Company except for Vodafone Qatar Q.S.C.(1)
| Name | Principal activity | Country of incorporation or registration | Percentage(2) shareholdings |
|---|---|---|---|
| Gateway Group (Pty) Limited | Holding company | South Africa | 65.3 |
| Ghana Telecommunications Company Limited | Network operator | Ghana | 70.0 |
| VM, SA(3) | Network operator | Mozambique | 55.5 |
| Vodacom Congo (RDC) s.p.r.l. | Network operator | The Democratic Republic of Congo | 33.3 |
| Vodacom Group Limited(4)(5) | Network operator | South Africa | 65.3 |
| Vodacom Lesotho (Pty) Limited | Network operator | Lesotho | 57.7 |
| Vodacom Tanzania Limited | Network operator | Tanzania | 42.4 |
| Vodafone Albania Sh.A. | Network operator | Albania | 99.9 |
| Vodafone Americas Inc.(6) | Holding company | USA | 100.0 |
| Vodafone Czech Republic a.s. | Network operator | Czech Republic | 100.0 |
| Vodafone D2 GmbH | Network operator | Germany | 100.0 |
| Vodafone Egypt Telecommunications S.A.E. | Network operator | Egypt | 54.9 |
| Vodafone España S.A.U. | Network operator | Spain | 100.0 |
| Vodafone Essar Limited(7) | Network operator | India | 57.6 |
| Vodafone Europe B.V. | Holding company | Netherlands | 100.0 |
| Vodafone Group Services Limited(8) | Global products and services provider | England | 100.0 |
| Vodafone Holding GmbH | Holding company | Germany | 100.0 |
| Vodafone Holdings Europe S.L.U. | Holding company | Spain | 100.0 |
| Vodafone Hungary Mobile Telecommunications Company Limited | Network operator | Hungary | 100.0 |
| Vodafone International Holdings B.V. | Holding company | Netherlands | 100.0 |
| Vodafone Investments Luxembourg S.a.r.l. | Holding company | Luxembourg | 100.0 |
| Vodafone Ireland Limited | Network operator | Ireland | 100.0 |
| Vodafone Libertel B.V. | Network operator | Netherlands | 100.0 |
| Vodafone Limited | Network operator | England | 100.0 |
| Vodafone Malta Limited | Network operator | Malta | 100.0 |
| Vodafone Marketing S.a.r.l. | Provider of partner market services | Luxembourg | 100.0 |
| Vodafone New Zealand Limited | Network operator | New Zealand | 100.0 |
| Vodafone-Panafon Hellenic Telecommunications Company S.A. | Network operator | Greece | 99.9 |
| Vodafone Portugal-Comunicações Pessoais, S.A.(9) | Network operator | Portugal | 100.0 |
| Vodafone Qatar Q.S.C.(1) | Network operator | Qatar | 23.0 |
| Vodafone Romania S.A. | Network operator | Romania | 100.0 |
| Vodafone Telekomunikasyon A.S. | Network operator | Turkey | 100.0 |
- Notes:
-
- (1)
- The Group has rights that enable it to control the strategic and operating decisions of Vodafone Qatar Q.S.C.
- (2)
- Effective ownership percentages of Vodafone Group Plc at 31 March 2010 rounded to nearest tenth of one percent.
- (3)
- The share capital of VM, SA consists of 1,380,000,000 ordinary shares and 9,158,334,043 preference shares.
- (4)
- Vodacom Group Limited was converted to a public company on 18 May 2009 and, accordingly, changed its name from Vodacom Group (Pty) Limited.
- (5)
- At 31 March 2010 the Group owned 65.0% of the issued share capital of Vodacom Group Limited (‘Vodacom’) with the 65.3% ownership interest in the outstanding shares in Vodacom resulting from the acquisition of treasury shares by Vodacom.
- (6)
- Share capital consists of 395,834,251 ordinary shares and 1.65 million class D and E redeemable preference shares, of which 100% of the ordinary shares are held by the Group.
- (7)
- The Group’s aggregate direct and indirect equity interest in Vodafone Essar Limited was 57.59% at 31 March 2010. The Group has call options to acquire shareholdings in three companies which indirectly own further 9.39% interests in Vodafone Essar Limited. The shareholders of these companies also have put options which, if exercised, would require Vodafone to purchase the remaining shares in the respective company. If these options were exercised, which can only be done in accordance with Indian law prevailing at the time of exercise, the Group would have a direct and indirect interest of 66.98% of Vodafone Essar Limited.
- (8)
- Share capital consists of 600 ordinary shares and one deferred share, of which 100% of the shares are held directly by Vodafone Group Plc.
- (9)
- 38.6% of the issued share capital of Vodafone Portugal-Comunicações Pessoais, S.A. is held directly by Vodafone Group Plc.
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