Vodafone considers offer for Cable & Wireless Worldwide

Nieuws Mobiel Verenigd Koninkrijk 13 FEB 2012
Vodafone considers offer for Cable & Wireless Worldwide
Vodafone Group has confirmed that it is in the early stages of evaluating a potential takeover offer for Cable & Wireless Worldwide. Vodafone said that any bid would probably be in cash, but added that there was no certainty that any offer would be made. According to a report in the Sunday Times, Vodafone could offer GBP 700 million.

Categories:

Mobiel

Companies:

Vodafone Group,  Cable & Wireless Worldwide

Regions:

Wereld

Countries:

Verenigd Koninkrijk

Tags:

Voice services, Data services, Messaging, Company, Services, Corporate, M&A buyouts & divestments

Related Articles

VERENIGD KONINKRIJK 20 APR 2012

Vodafone gets more time for CWW bid

Cable&Wireless Worldwide announced an extension of the deadline for Vodafone to make a formal bid for the company. Under the UK's 'put up or shut up' rule, Vodafone was required to state its intentions by the end of 19 April. However, due to ongoing negotiations between the two companies, they have agreed an extension of the bid deadline to noon on 23 April.

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Tata Communications has withdrawn from bidding for Cable&Wireless Worldwide.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.

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 21 MAR 2012

Tata Comm set to make formal bid for C&WW - report

India's Tata Communications will make a formal cash offer to buy UK-based Cable & Wireless Worldwide (C&WW) and plans to raise up to USD 2 billion in debt to finance the potential acquisition, writes Dow Jones Newswires citing a person familiar with the situation. Tata's decision to bid for C&WW sets the stage for a bidding war with Vodafone Group, which expressed an interest in Cable&Wireless earlier. Vodafone has until 29 March to make a binding offer for the UK-based firm. The person familiar with the si

WERELD 6 MAR 2012

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

India-based Tata Communications is planning to raise USD 2 billion in a 3-5 year term loan to finance its potential bid for enterprise communications group Cable and Wireless Worldwide (CWW), writes The Economic Times. A banker familiar with the matter said the talks are in progress. The company is planning to raise some term funding and could also look at refinancing existing debt. Standard Chartered, which is advising Tata Communications on the potential bid, is set to bag the lead role in raising the loa

WERELD 1 MAR 2012

Tata Communications confirms possible bid for C&W Worldwide

Tata Communications confirmed its considering a cash bid to acquire Cable & Wireless Worldwide. The India-based operator said it's still at a "very preliminary stage" of considering an offer. The news follows confirmation earlier from Vodafone that it's also considering a bid for Cable & Wireless Worldwide.

WERELD 1 MAR 2012

Tata Communications considers bid for C&W - report

Tata Communications is considering a bid for Cable & Wireless Worldwide, the Times of India reports citing sources briefed on the matter. Tata would go up against Vodafone, which has already confirmed its interest in C&WW. Estimated to be worth over USD 1.2 billion, C&WW operates an extensive global network and offers voice, data and IP-based services to large clients across the world. Tata is preparing to launch a bid in the next two weeks, and Standard Chartered Bank is advising the Indian company, the pa

VERENIGD KONINKRIJK 16 FEB 2012

C&W Worldwide Q3 trading in line with expectations

Enterprise communications group Cable & Wireless Worldwide (C&W Worldwide) said that trading in the three months to December 2011 was in line with management expectations, and that its full-year 2011/2012 outlook remains unchanged. Despite difficult trading conditions in Q3, C&W Worldwide expanded existing relationship with key enterprise and public sector clients as well as winning new client contracts in the UK and overseas. Voice margins have declined in line with recent guidance. Growth in the IP & Data

VERENIGD KONINKRIJK 15 FEB 2012

C&W Worldwide CEO would benefit from Vodafone deal

Cable & Wireless Worldwide's CEO Gavin Darby could make more than GBP 600,000 if the company is sold to Vodafone, reports The Telegraph. A deal would trigger a change of ownership clause in his contract. This would allow him to receive the equivalent of his basic salary for one year. He will also benefit from a 35 percent jump in C&W Worldwide's share price over the past couple of days to 26.65p. Darby joined C&W Worldwide from Vodafone after a disagreement with CEO Vittorio Colao and is unlikely to remain

VERENIGD KONINKRIJK 14 FEB 2012

Vodafone Group bekijkt Cable & Wireless Worldwide

Vodafone Group bevestigt dat het interesse heeft in Cable & Wireless Worldwide, hoewel de interesse zich nog in een vroeg stadium bevindt. Vodafone geeft aan dat een bod waarschijnlijk in cash zal plaatsvinden, maar hamert erop dat het nog lang niet zo ver is. Volgens berichten in de Britse media zou Vodafone zo'n 700 miljoen Britse ponden gaan bieden.

Just In

16:42

SLT-Mobitel launches 5G network in Sri Lanka

16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.