OREANDA-NEWS. September 28, 2012. Vodafone Group Plc (“Vodafone”) will today host an Open Office event focusing on its Enterprise business and the core segments within. This will include a review of the Cable & Wireless Worldwide (“CWW”) opportunities and integration plan, following completion of the acquisition of CWW by Vodafone in July 2012.

The global enterprise market offers attractive growth opportunities and remains a key strategic priority for Vodafone. We are seeing a number of trends in the enterprise market which play to our strengths – including the increasing focus on employee mobility, the move towards converged services, companies’ desire to manage costs and consolidate supplier bases, system automation and an increasing focus on security.

With respect to the CWW acquisition, we expect to incur cumulative integration costs of approximately Ј500 million by March 2016. This is expected to deliver cash flow synergies of Ј150 million to Ј200 million per annum by March 2016, resulting in operating free cash flow for the Group in that year of Ј250 million to Ј300 million from the acquisition. A high proportion of the targeted synergies will come from clearly quantifiable cost savings and network integration benefits. Our immediate goal is to stabilise the CWW business, with full integration expected during the year to March 2016.