Tata Communications drops bid for Cable&Wireless Worldwide

Nieuws Breedband Verenigd Koninkrijk 19 APR 2012
Tata Communications drops bid for Cable&Wireless Worldwide
Tata Communications has withdrawn from bidding for Cable&Wireless Worldwide. The India-based company said it was unable to reach an agreement on price with CWW, and as a result will not make a formal offer for the company. CWW confirmed it's still in talks with Vodafone on a possible deal. Vodafone has until 17.00hrs on 19 April to say whether it will make a formal bid for the company.

Categories:

Vast

Companies:

Vodafone,  Tata Communications,  Cable&Wireless Worldwide

Regions:

Wereld

Countries:

Verenigd Koninkrijk

Tags:

Voice services, Data services, M&A buyouts & divestments

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WERELD 24 APR 2012

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VERENIGD KONINKRIJK 20 APR 2012

Vodafone gets more time for CWW bid

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VERENIGD KONINKRIJK 29 MAR 2012

C&W Worldwide extends bid deadline to 19 April

Cable & Wireless Worldwide announced an extension of the deadline for Vodafone and Tata Communications to make a takeover bid for the company. Both companies indicated earlier their interest in acquiring C&W Worldwide, and under the UK market's so-called 'put up or shut up' rules, they were required to confirm their intentions to make a bid by 29 March. Under the agreed extension, they now have until 19 April to decide whether they will make an offer.

WERELD 6 MAR 2012

Tata Comm may raise USD 2 bln loan for CWW - report

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WERELD 1 MAR 2012

Tata Communications confirms possible bid for C&W Worldwide

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Vodafone considers offer for Cable & Wireless Worldwide

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