LONDON-Vodafone Group plc said 11 banks have agreed to underwrite and arrange the facility
required to finance the company’s merger with AirTouch Communications Inc.
The banks include Bank of America,
Barclays, Banque Nationale de Paris, Citibank, Deutsche Bank, Goldman Sachs, HSBC, ING Barings, National
Australia Bank, NatWest and West LB. The facility required has been reduced to $13 billion and may be set closer to
$10 billion when rebalancing between stock and cash consideration is completed, said the company.
The facility
documentation is expected to be signed in early April, said Vodafone.
