Vodafone in early stage offer for CWW
Vodafone, which has a 65% stake in local operator Vodacom (VOD), confirmed on Monday that it is in early stages of evaluating the merits of a potential offer for Cable & Wireless Worldwide.
It follows media speculation over a potential $1.1 billion deal.
“Vodafone notes the recent press speculation regarding Cable & Wireless Worldwide plc (CWW).
“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. There is no certainty that an offer will be made nor as to the terms on which any offer might be made. Any offer, if made, will be in cash but Vodafone reserves the right to change the specie of consideration. A further announcement will be made in due course, if appropriate,” Vodafone said in a statement.
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