That figure, which is just for advice with further fees pay-able for underwriting the pounds 77bn bid, is justified by the enormous complexity of the deal and the importance of success to Vodafone.
Goldman Sachs' position in Vodafone's team came under threat last week. Mannesmann protested that because the bank had a long-standing relationship with the German company, it might share confidential information with Vodafone. However, the case was thrown out of the High Court.
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