Million 2001E 2002E 2003E 2004E 2005E 2006E Terminal value
Total Operating Profit 90 246 688 984 1221 1489
profit after tax(35%) 58.5 159.9 447.2 639.6 793.65 967.85
savings in capital 60 147 360 420 469 506
Total synergies after tax 118.5 306.9 807.2 1059.6 1262.65 1473.85 26885
PV 110.59 265.07 647.9 790.48 875.43 949.68 17323
Total PV in million pounds 20962.15
Total PV in million Euro 33097.14
Mannesmann November19 December17 Vodafone November19 December17
Premium 20.1 9.4 Premium
Net gains(47.2%) 6.1 ...