Tata Communications drops bid for Cable&Wireless Worldwide

News Broadband United Kingdom 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Tata Communications has withdrawn from bidding for Cable&Wireless Worldwide.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:

Fixed

Companies:

Vodafone,  Tata Communications,  Cable&Wireless Worldwide

Regions:

Global

Countries:

United Kingdom

Tags:

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

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