Vodafone weighing bid for C&W
LONDON - Reuters
“Vodafone regularly reviews opportunities in the sector and confirms that it is in the very early stages of evaluating the merits of a potential offer for CWW,” the company said yesterday in response to press speculation.
C&W Worldwide, which has issued a string of profit warnings since its demerger from Cable & Wireless Communications in March 2010, has fixed lines that could be used by mobile operators to shift traffic from straining wireless networks. It declined to comment on Vodafone’s statement.