Form 6-K

 

SECURITIES AND EXCHANGE COMMISSION

 

Washington, D.C. 20549

 

Report of Foreign Private Issuer

 

Pursuant to Rules 13a-16 or 15d-16 of
the Securities Exchange Act of 1934

 

Dated January 29, 2004

 

VODAFONE GROUP
PUBLIC LIMITED COMPANY

(Exact name of registrant as specified in its charter)

 

VODAFONE HOUSE, THE CONNECTION, NEWBURY, BERKSHIRE, RG14 2FN, ENGLAND
(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F  ý   Form 40-F  o

 

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes  o       No  ý

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82                

 

 



 

This Report on Form 6-K contains a news release issued by Vodafone Group Plc on January 28, 2004, entitled “VODAFONE ANNOUNCES STRONGEST ORGANIC CUSTOMER GROWTH FOR 3 YEARS “.

 



 

28 January 2004

 

VODAFONE ANNOUNCES STRONGEST ORGANIC CUSTOMER GROWTH FOR 3 YEARS

 

Vodafone Group Plc (“Vodafone”) announces today key performance indicators for the quarter ended 31 December 2003.  The main highlights are:

 

                  Over 4.3 million organic net additions in the quarter, increasing the proportionate customer base to over 130.4 million

 

                  Blended annual ARPU up €4 to €359 in Italy, stable at €311 in Germany and reduced  ¥1,901 to ¥82,917 in Japan, compared to September 2003.  Excluding the £4 uplift from acquiring Singlepoint, ARPU in the UK was up £2 to £299

 

                  Total data revenues increased to 15.9% of controlled service revenues for the year to December 2003 from 13.9% for the prior year

 

                  4.5 million controlled Vodafone live! customers at the end of December, with a further 0.4 million customers in non-controlled operations

 

                  Mobile Connect Card customers in controlled operations increased to 167,000

 

Arun Sarin, Chief Executive of Vodafone, commented: “These are a great set of KPI’s, recording our strongest organic customer growth in 3 years.  We continue to be delighted with the progress of Vodafone live! which has proved to be a real point of difference during the last quarter in many of our markets.

 

“Overall, these figures are slightly better than our expectations and are consistent with the outlook we gave at our interim results. This solid performance provides a strong platform for the year ahead.”

 

Customer Growth

 

In total, over 5.1 million registered proportionate customers were added in the quarter, including 0.8 million from stake changes, primarily in Greece.  The total proportionate base increased to 130.4 million, up nearly 16% on December 2002.

 



 

A strong competitive performance in Germany and Italy showed through in proportionate net additions of 888,000 and 507,000 respectively.  In the UK, net additions of 464,000 were at the highest level since March 2001, demonstrating the increased level of investment in growth.

 

Vodafone live! customers increased to 4.5 million in controlled operations.  The UK passed 1 million customers during the quarter, reaching 1,030,000 customers by 31 December 2003, with Germany at 1,580,000 and Italy at 780,000.  Vodafone live! is now available in 15 countries, including 2 associates in France and Switzerland, and will be launched in Belgium during 2004.  Since its launch on 29 October 2003, SFR in France added 330,000 customers by the end of the year.

 

In addition, the Group has a further 12.8 million Vodafone live! customers following the rebranding of J-Sky in Japan on 1 October 2003.  Over 86% of Vodafone K.K.’s registered customer base has a Vodafone live! enabled handset.

 

Active customers in the Group’s controlled businesses were unchanged at 93% of total customers.

 

Registered Blended ARPU

 

Blended ARPU in the UK increased to £303 for the year to December 2003, up from £297 for the year to September 2003. The increase in blended and contract ARPU benefited by £4 and £10 respectively from the acquisition of Singlepoint, which was completed on 22 September 2003.  Prepay and contract ARPU also improved as a result of increased usage.

 

In Italy, blended ARPU increased from €355 to €359, driven by the continued focus on higher value customers, particularly in the corporate segment.  Blended ARPU in Germany remained stable at €311, with lower usage, but lower subsidy, contract tariffs remaining popular.

 

In Japan, blended ARPU continued to reduce, reflecting the success of the prepay offering, the competitive environment and increasing penetration in the Japanese market.

 

Data as a percentage of service revenues

 

For the Group’s controlled operations, data as a percentage of service revenues continued to grow, increasing to 15.9% for the year to December 2003, up from 15.5% for the year to September.  Data in the month of December 2003 was 17.3%, up from 16.0% in December 2002.

 

Excluding Japan, the percentage of service revenues from non-messaging data revenue has increased from 0.7% in December 2002 to 1.6% in December 2003, demonstrating the initial benefits from Vodafone live! and new business services during 2003.

 

- ends -

 



 

For further information:

 

Vodafone Group

Tim Brown, Group Corporate Affairs Director

Tel:  +44 (0) 1635 673310

 

Investor Relations

Melissa Stimpson

Darren Jones

Tel:  +44 (0) 1635 673310

 

Media Relations

Bobby Leach

Ben Padovan

Tel:  +44 (0) 1635 673310

 

Tavistock Communications

Lulu Bridges

Justin Griffiths

Tel:  +44 (0) 20 7920 3150

 



 

VODAFONE GROUP PLC — MOBILE TELECOMMUNICATIONS BUSINESSES

 

PROPORTIONATE NET CUSTOMERS — 1 OCTOBER 2003 TO 31 DECEMBER 2003

 

COUNTRY

 

PERCENTAGE
OWNERSHIP(1)

 

AT
1 OCT 2003

 

NET
ADDITIONS

 

STAKE
CHANGES(2)

 

AT
31 DEC 2003

 

PREPAID(3)

 

 

 

(%)

 

(000s)

 

(000s)

 

(000s)

 

(000s)

 

(%)

 

UK & IRELAND

 

 

 

 

 

 

 

 

 

 

 

 

 

UK

 

100.0

%

13,483

 

464

 

 

13,947

 

59

%

Ireland

 

100.0

%

1,803

 

68

 

 

1,871

 

72

%

TOTAL

 

 

 

15,286

 

532

 

 

15,818

 

61

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NORTHERN EUROPE

 

 

 

 

 

 

 

 

 

 

 

 

 

Germany

 

100.0

%

23,780

 

888

 

 

24,668

 

52

%

Hungary

 

87.9

%

1,061

 

109

 

 

1,170

 

84

%

Netherlands

 

99.9

%

3,351

 

47

 

2

 

3,400

 

57

%

Sweden

 

99.1

%

1,368

 

41

 

 

1,409

 

34

%

Others

 

 

 

9,064

 

319

 

 

9,383

 

49

%

TOTAL

 

 

 

38,624

 

1,404

 

2

 

40,030

 

51

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SOUTHERN EUROPE

 

 

 

 

 

 

 

 

 

 

 

 

 

Italy

 

76.8

%

15,345

 

507

 

 

15,852

 

92

%

Albania

 

93.1

%

393

 

29

 

50

 

472

 

97

%

Greece

 

86.0

%

2,472

 

*

 

*

 

*

 

*

 

Malta

 

100.0

%

158

 

4

 

 

162

 

92

%

Portugal

 

100.0

%

3,243

 

89

 

 

3,332

 

73

%

Spain

 

100.0

%

9,399

 

286

 

 

9,685

 

57

%

Others

 

 

 

595

 

 

*

 

*

 

*

 

*

TOTAL

 

 

 

31,605

 

929

 

798

 

33,332

 

78

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AMERICAS

 

 

 

 

 

 

 

 

 

 

 

 

 

United States(4)

 

44.3

%

15,960

 

678

 

 

16,638

 

6

%

TOTAL

 

 

 

15,960

 

678

 

 

16,638

 

6

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ASIA PACIFIC

 

 

 

 

 

 

 

 

 

 

 

 

 

Japan

 

69.7

%

10,140

 

128

 

 

10,268

 

8

%

Australia

 

100.0

%

2,627

 

49

 

 

2,676

 

55

%

New Zealand

 

100.0

%

1,429

 

98

 

 

1,527

 

79

%

Others

 

 

 

4,465

 

216

 

 

4,681

 

64

%

TOTAL

 

 

 

18,661

 

491

 

 

19,152

 

59

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MIDDLE EAST AND AFRICA

 

 

 

 

 

 

 

 

 

 

 

 

 

Egypt

 

67.0

%

1,729

 

109

 

 

1,838

 

82

%

Others

 

 

 

3,396

 

204

 

 

3,600

 

87

%

TOTAL

 

 

 

5,125

 

313

 

 

5,438

 

86

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GROUP TOTAL

 

 

 

125,261

 

4,347

 

800

 

130,408

 

55

%

 


(1)          All percentages are stated as at 31 December 2003 and exclude options, warrants or other rights or obligations of the Company to increase or decrease ownership in any venture. Ownership interests have been rounded to the nearest tenth of one percent.

 

(2)          Represents a stake increase in Vodafone Netherlands of 0.1% from 99.8% to 99.9%, a stake increase in Vodafone Albania of 10.1% from 83.0% to 93.1% and a stake increase in Vodafone Greece of 20.6% from 65.4% to 86.0%.

 

(3)          Prepaid customer percentages are calculated on a venture basis. At 31 December 2003, there were 327.1 million total venture customers.

 

(4)          The Group’s proportionate customer base has been adjusted for Verizon Wireless’s proportionate ownership of its customer base across all its network interests of approximately 98.5% at 31 December 2003. In the absence of acquired interests, this proportionate ownership will vary slightly from quarter to quarter depending on the underlying mix of net additions across each of these networks.

 

*      Listed subsidiary still to report.

 



 

VODAFONE GROUP PLC — MOBILE TELECOMMUNICATIONS BUSINESSES

 

CONTROLLED ACTIVE CUSTOMER INFORMATION AS AT 31 DECEMBER 2003

 

 

 

CONTROLLED ACTIVE(1)

 

COUNTRY

 

PREPAID

 

CONTRACT

 

TOTAL

 

 

 

(%)

 

(%)

 

(%)

 

UK & IRELAND

 

 

 

 

 

 

 

UK

 

88

%

95

%

91

%

Ireland

 

99

%

99

%

99

%

TOTAL

 

90

%

95

%

92

%

 

 

 

 

 

 

 

 

NORTHERN EUROPE

 

 

 

 

 

 

 

Germany

 

90

%

95

%

92

%

Hungary

 

88

%

99

%

90

%

Netherlands

 

91

%

99

%

94

%

Sweden

 

97

%

94

%

95

%

TOTAL

 

90

%

96

%

93

%

 

 

 

 

 

 

 

 

SOUTHERN EUROPE

 

 

 

 

 

 

 

Italy

 

93

%

93

%

93

%

Albania

 

87

%

97

%

87

%

Greece

 

 

*

 

*

 

*

Malta

 

99

%

98

%

99

%

Portugal

 

84

%

99

%

88

%

Spain

 

95

%

95

%

95

%

TOTAL

 

92

%

95

%

92

%

 

 

 

 

 

 

 

 

ASIA PACIFIC

 

 

 

 

 

 

 

Japan

 

80

%

99

%

98

%

Australia

 

90

%

90

%

90

%

New Zealand

 

97

%

98

%

97

%

TOTAL

 

89

%

99

%

97

%

 

 

 

 

 

 

 

 

MIDDLE EAST AND AFRICA

 

 

 

 

 

 

 

Egypt

 

96

%

97

%

97

%

TOTAL

 

96

%

97

%

97

%

 

 

 

 

 

 

 

 

CONTROLLED GROUP TOTAL

 

91

%

96

%

93

%

 

CONTROLLED ACTIVE CUSTOMER INFORMATION — HISTORY

 

 

 

CONTROLLED ACTIVE CUSTOMERS AS AT

 

COUNTRY

 

DECEMBER
2002

 

MARCH
2003

 

JUNE
2003

 

SEPTEMBER
2003

 

DECEMBER
2003

 

 

 

(%)

 

(%)

 

(%)

 

(%)

 

(%)

 

Germany

 

92

 

92

 

93

 

92

 

92

 

 

 

 

 

 

 

 

 

 

 

 

 

Italy

 

95

 

95

 

93

 

94

 

93

 

 

 

 

 

 

 

 

 

 

 

 

 

Japan

 

99

 

98

 

98

 

98

 

98

 

 

 

 

 

 

 

 

 

 

 

 

 

UK

 

92

 

91

 

91

 

91

 

91

 

 

 

 

 

 

 

 

 

 

 

 

 

Controlled Total

 

94

 

93

 

93

 

93

 

93

 

 


(1)    Active customers are defined as customers who have made or received a chargeable event in the last 3 months.

 

*      Listed subsidiary still to report.

 



 

VODAFONE GROUP PLC — MOBILE TELECOMMUNICATIONS BUSINESSES

MONTHLY REGISTERED BLENDED ARPU FOR THE 15 MONTHS TO 31 DECEMBER 2003

 

COUNTRY

 

 

 

Oct

 

Nov

 

Dec

 

Jan

 

Feb

 

Mar

 

Apr

 

May

 

Jun

 

Jul

 

Aug

 

Sep

 

Oct

 

Nov

 

Dec

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Germany

 

EUR

 

27.4

 

25.4

 

25.4

 

25.6

 

23.2

 

25.8

 

25.4

 

26.2

 

26.1

 

27.9

 

26.7

 

27.0

 

27.0

 

24.9

 

25.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Italy

 

EUR

 

29.3

 

28.0

 

29.5

 

29.3

 

26.5

 

29.1

 

29.4

 

30.1

 

30.7

 

32.2

 

29.7

 

31.1

 

31.1

 

29.0

 

30.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Japan

 

JPY

 

7,350

 

7,120

 

7,360

 

7,120

 

6,840

 

7,270

 

7,050

 

7,040

 

6,850

 

7,130

 

7,030

 

6,710

 

6,760

 

6,460

 

6,690

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

UK(2)

 

GBP

 

25.5

 

24.3

 

23.5

 

24.7

 

23.4

 

25.6

 

24.4

 

25.2

 

25.5

 

25.7

 

24.2

 

25.6

 

26.8

 

26.0

 

26.2

 

 

ARPU INFORMATION FOR THE 12 MONTH PERIOD TO 31 DECEMBER 2003

 

 

 

ARPU(1)

 

COUNTRY

 

CURRENCY

 

REGISTERED
PREPAID

 

REGISTERED
CONTRACT

 

REGISTERED
TOTAL

 

UK & IRELAND

 

 

 

 

 

 

 

 

 

UK(2)

 

GBP

 

129

 

543

 

303

 

Ireland

 

EUR

 

361

 

1,116

 

582

 

 

 

 

 

 

 

 

 

 

 

NORTHERN EUROPE

 

 

 

 

 

 

 

 

 

Germany

 

EUR

 

130

 

500

 

311

 

Hungary

 

HUF

 

43,119

 

174,559

 

60,384

 

Netherlands

 

EUR

 

177

 

886

 

471

 

Sweden

 

SEK

 

931

 

6,092

 

4,531

 

 

 

 

 

 

 

 

 

 

 

SOUTHERN EUROPE

 

 

 

 

 

 

 

 

 

Italy

 

EUR

 

307

 

880

 

359

 

Greece

 

EUR

 

 

*

 

*

 

*

Malta

 

MTL

 

96

 

896

 

162

 

Portugal

 

EUR

 

181

 

666

 

321

 

Spain

 

EUR

 

162

 

639

 

369

 

 

 

 

 

 

 

 

 

 

 

ASIA PACIFIC

 

 

 

 

 

 

 

 

 

Japan

 

JPY

 

N/A

 

N/A

 

82,917

 

Australia

 

AUD

 

280

 

897

 

579

 

New Zealand

 

NZD

 

333

 

1,836

 

664

 

 

 

 

 

 

 

 

 

 

 

MIDDLE EAST AND AFRICA

 

 

 

 

 

 

 

 

 

Egypt

 

EGP

 

735

 

3,052

 

1,127

 

 

ARPU — HISTORY

 

 

 

 

 

REGISTERED TOTAL ARPU FOR THE 12 MONTH PERIOD TO

 

COUNTRY

 

CURRENCY

 

DECEMBER
2002

 

MARCH
2003

 

JUNE
2003

 

SEPTEMBER
2003

 

DECEMBER
2003

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Germany

 

EUR

 

312

 

313

 

313

 

312

 

311

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Italy

 

EUR

 

347

 

347

 

351

 

355

 

359

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Japan

 

JPY

 

88,238

 

87,159

 

86,183

 

84,818

 

82,917

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

UK(2)

 

GBP

 

287

 

292

 

297

 

297

 

303

 

 


(1)   ARPU is calculated as total revenues excluding handset revenues and connection fees divided by the weighted average number of customers during the period.

 

(2)   During the period from 1 October 2002 to 31 March 2003, Vodafone UK operated under interim commercial terms with one of its service providers. Final terms were agreed in April 2003. Recognising revenues on a consistent basis during the interim period to the bases before and after this period would result in additional service revenues of £74 million. For consistency and comparability purposes, these revenues have been included in the calculation of UK ARPU but have been excluded from Group turnover in accordance with UK GAAP.

 

The impact of the inclusion of these amounts has been to increase ARPU for the 12 months to 31 December 2002, 31 March 2003, 30 June 2003, September 2003 and December 2003 from £284, £286, £291, £292 and £300 to £287, £292, £297, £297 and £303 respectively.

 

*      Listed subsidiary still to report.

 



 

VODAFONE GROUP PLC — MOBILE TELECOMMUNICATIONS BUSINESSES

 

NON-VOICE SERVICES AS A PERCENTAGE OF SERVICE REVENUES

 

PROPORTIONATE BASIS

 

 

 

12 MONTHS TO 31 DECEMBER 2003

 

DECEMBER 2003 (MONTH ONLY)

 

COUNTRY

 

MESSAGING

 

DATA

 

TOTAL

 

MESSAGING

 

DATA

 

TOTAL

 

UK & IRELAND

 

 

 

 

 

 

 

 

 

 

 

 

 

UK(1)

 

14.0

%

1.5

%

15.5

%

15.4

%

2.1

%

17.5

%

Ireland

 

19.4

%

1.1

%

20.5

%

20.5

%

1.7

%

22.2

%

TOTAL

 

14.8

%

1.5

%

16.3

%

16.1

%

2.0

%

18.1

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NORTHERN EUROPE

 

 

 

 

 

 

 

 

 

 

 

 

 

Germany

 

15.7

%

1.5

%

17.2

%

17.4

%

2.1

%

19.5

%

Others

 

8.7

%

1.1

%

9.8

%

9.8

%

1.6

%

11.4

%

TOTAL

 

12.5

%

1.3

%

13.8

%

13.8

%

1.9

%

15.7

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SOUTHERN EUROPE

 

 

 

 

 

 

 

 

 

 

 

 

 

Italy

 

11.9

%

0.8

%

12.7

%

13.5

%

1.2

%

14.7

%

Others

 

10.0

%

0.7

%

10.7

%

11.3

%

1.0

%

12.3

%

TOTAL

 

10.9

%

0.8

%

11.7

%

12.4

%

1.1

%

13.5

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AMERICAS

 

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

1.0

%

1.2

%

2.2

%

1.4

%

1.7

%

3.1

%

Others

 

0.2

%

0.1

%

0.3

%

 

 

 

TOTAL

 

1.0

%

1.2

%

2.2

%

1.4

%

1.7

%

3.1

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ASIA PACIFIC

 

 

 

 

 

 

 

 

 

 

 

 

 

Japan

 

7.6

%

14.2

%

21.8

%

7.6

%

14.8

%

22.4

%

Others

 

10.9

%

1.3

%

12.2

%

13.7

%

1.2

%

14.9

%

TOTAL

 

8.4

%

11.2

%

19.6

%

9.2

%

11.4

%

20.6

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

MIDDLE EAST AND AFRICA

 

4.4

%

0.1

%

4.5

%

4.3

%

0.1

%

4.4

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PROPORTIONATE GROUP TOTAL

 

9.7

%

2.8

%

12.5

%

11.0

%

3.2

%

14.2

%

 

STATUTORY BASIS

 

CONTROLLED GROUP TOTAL

 

11.8

%

4.1

%

15.9

%

12.9

%

4.4

%

17.3

%

 

NON-VOICE SERVICES AS A PERCENTAGE OF SERVICE REVENUES - HISTORY

 

 

 

12 MONTHS TO

 

(MONTH ONLY)

 

COUNTRY

 

DEC
2002

 

MAR
2003

 

JUN
2003

 

SEP
2003

 

DEC
2003

 

DEC
2002

 

MAR
2003

 

JUN
2003

 

SEP
2003

 

DEC
2003

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

UK (1)

 

13.9

%

14.4

%

14.7

%

15.0

%

15.5

%

16.0

%

15.2

%

14.6

%

14.7

%

17.5

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Germany

 

16.1

%

16.4

%

16.7

%

17.0

%

17.2

%

19.2

%

16.6

%

16.9

%

16.3

%

19.5

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Italy

 

10.7

%

11.3

%

11.8

%

12.2

%

12.7

%

12.9

%

11.8

%

12.5

%

12.4

%

14.7

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Japan

 

19.3

%

20.3

%

20.9

%

21.3

%

21.8

%

20.6

%

21.7

%

21.8

%

21.2

%

22.4

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proportionate Total

 

10.7

%

11.3

%

11.7

%

12.2

%

12.5

%

12.5

%

12.3

%

12.1

%

12.2

%

14.2

%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Statutory Total

 

13.9

%

14.6

%

15.0

%

15.5

%

15.9

%

16.0

%

15.6

%

15.3

%

15.2

%

17.3

%

 


(1)          During the period from 1 October 2002 to 31 March 2003, Vodafone UK operated under interim commercial terms with one of its service providers. Final terms were agreed in April 2003. Recognising revenues on a consistent basis during the interim period to the bases before and after this period would result in additional service revenues of £74 million. For consistency and comparability purposes, these revenues have been included in the calculation of non-voice services as a percentage of service revenues.

 

The impact of the inclusion of these amounts was to decrease UK non-voice services as a percentage of service revenues for the months of December 2002 and March 2003 from 16.1% and 15.3% to 16.0% and 15.2% respectively.

 



 

SIGNATURES

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorised.

 

 

 

 

 

VODAFONE GROUP

 

 

 

 

PUBLIC LIMITED COMPANY

 

 

 

 

(Registrant)

 

 

 

 

 

 

 

 

 

 

Dated: January 29, 2004

 

 

 

By:

/s/ S R SCOTT

 

 

 

 

Name:  Stephen R. Scott

 

 

 

 

Title: Company Secretary