Vodafone says agrees takeover of Cable & Wireless

Mon, 04/23/2012 - 02:45 EDT - France24.com - Business

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British mobile phone giant Vodafone on Monday said it had struck a deal to buy telecoms firm Cable & Wireless Worldwide for more than £1.0 billion."Vodafone ... and Cable & Wireless Worldwide plc are pleased to announce that they have reached agreement on the terms of a recommended cash offer pursuant to which Vodafone will acquire the entire issued and to be issued ordinary share capital of CWW," Vodafone said a statement.The offer values the entire issued ordinary share capital of CWW at around £1.044 billion (1.28 billion euros, $1.68 billion), Vodafone added.

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Vodafone 'considers' offer for Cable & Wireless
Mobile phone giant Vodafone said on Monday it was considering an offer for Cable & Wireless Worldwide, the global telecoms company set up in the 1860s to run the British empire's communications network.In a regulatory statement issued in response to press speculation about a deal, Vodafone said it "regularly reviews opportunities in the sector and confirms that it is in the very early stages of evaluating the merits of a potential offer for CWW".
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Vodafone says agrees takeover of Cable & Wireless

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