Vodafone takes Crazy John's stake - News - Communications

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This story was printed from ZDNet Australia.
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Vodafone takes Crazy John's stake

By AAP
September 05, 2008
URL: http://www.zdnet.com.au/news/communications/soa/Vodafone-takes-Crazy-John-s-stake/0,130061791,339291807,00.htm

Vodafone Australia has purchased independent phone retailer Crazy John's after reaching an agreement with the widow of the company's founder, John Ilhan.

Vodafone chief executive Russell Hewitt said the agreement was reached through Vodafone's successful working relationship.

Crazy John's established a partnership with Vodafone shortly before Ilhan's death in October 2007, after cutting its ties with Telstra.

The purchase price for the major stake in Crazy John's was subject to a confidentiality agreement, a spokesman for Vodafone said.

Patricia Ilhan said Vodafone's purchase of her stake in Crazy John's ensured a strong future for the company.

"I am excited that Vodafone is enhancing its already successful commercial partnership with Crazy John's by taking a major stake in the business," Ilhan said in a statement.

"Vodafone, with its international network, can take Crazy John's to the next level of growth and development. "On a personal level I know that John was excited when he struck a commercial arrangement with Vodafone last year."

"He knew he had found a dynamic partner for Crazy Johns to move forward. John's belief has been vindicated in today's announcement."

Vodafone is the world's largest mobile phone carrier.

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