Vodafone closes in on CWW purchase; buys back shares

Vodafone nears CWW deal

Vodafone Group’s potential takeover of Cable and Wireless Worldwide (CWW) is a step closer to being accepted after a major shareholder withdrew its objection to the deal. The operator group’s £1.04bn bid was in doubt of being accepted after investment group Orbis, which owns 19 per cent of CWW, voiced its opposition to the takeover.

Vodafone contemplating bid for Cable and Wireless

Vodafone has reported increased revenues and profits for the six months ending 30 Sep 2011

UK-based carrier Vodafone has confirmed that it is mulling the prospect of taking over Cable & Wireless Worldwide (CWW). The latter’s international backbone network would bolster the core bandwidth availabel to Vodafone.