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February 4, 1997updated 05 Sep 2016 1:00pm

VODAFONE TO EXPAND GREEK PRESENCE

By CBR Staff Writer

Vodafone Group Plc is to expand its presence in Greece by acquiring another 5% stake in Panafon SA, its local cellular network operator affiliate and a similar stake in Panavox, service provider to Panafon. Vodafone already owns 45% of Panafon and Panavox, with France Telecom Mobiles International having 35% and Intracom SA owning 10%. Vodafone bought the stake from Data Bank which had 10% in each firm.

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