Vodafone plans takeover talks [Sentinel, The (Stoke-on-Trent, England)]
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[February 15, 2012]

Vodafone plans takeover talks [Sentinel, The (Stoke-on-Trent, England)]

(Sentinel, The (Stoke-on-Trent, England) Via Acquire Media NewsEdge) MOBILE phone giant Vodafone is considering a potential takeover bid for struggling telecoms firm Cable & Wireless Worldwide.

The company, which employs around 900 people at its call centre in Etruria, confirmed it was 'in the very early stages of evaluating the merits of a potential offer' in response to media speculation over the weekend.

The interest has been spurred by the collapse in CWW's share price since it split from Cable & Wireless's Caribbean-based telecoms arm in 2010.


The business, which provides high-speed telecoms services to the police and companies including Tesco has been affected by the squeeze on Government spending and the weak economy, leading it to report heavy half-year losses.

(c) 2012 ProQuest Information and Learning Company; All Rights Reserved.

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