Vodafone Australia says it has reached agreement to acquire Patricia Ilhan's stake in Crazy John’s after developing a highly productive and successful working relationship with the company over the last 12 months.

This agreement is subject to a number of conditions including regulatory approvals.

Russell Hewitt, Vodafone Australia CEO, said he was pleased Crazy John’s will become a significant part of Vodafone’s ongoing business
strategy.

"Crazy John’s is a dynamic company with innovative, high-value products and services that continue to be relevant and appealing to Australian customers.”

Patricia Ilhan, wife of Crazy John’s founder the late John Ilhan, said in a statement that she was delighted by today’s announcement from Vodafone because it ensures a strong future for Crazy John’s and its loyal and valuable staff and customers.

“Crazy John’s welcomes Vodafone’s decision to buy a major stake in the company because it represents the endorsement of the strongest global partner in the telecommunications industry to further enhance the future growth of Crazy John’s. 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,” said Patricia Ilhan. “He knew he had found a dynamic partner for Crazy John’s to move forward. John’s belief has been vindicated in today’s announcement."

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