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Old 19-04-2012, 01:59   #1
m419
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Join Date: Jul 2005
Location: London
Services: BT Broadband,BT Anytime calls,Sky entertainment extra HD,Vodafone pay monthly
Posts: 1,512
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Cable and Wireless Worldwide unable to find a buyer

Cable and Wireless Worldwide was approached by Vodafone and Tata communications, Vodafone missed the deadline and Cable and Wireless extended the timescale for Vodafone to make an offer, Tata Communications began showing an interest. As of this week, Tata Communications has pulled out saying it does not intend on buying Cable and Wireless Worldwide. Vodafone is likely to do the same. So I don't think Cable and Wireless Worldwide will be going anywhere just yet. The register and another business focused news service mentioned that Virgin Media and O2 could be possible bidders. But given that Cable and Wireless Worldwide is not giving in to Vodafones offer,I don't think Virgin Media or O2 will come up with anything better. The only interest Vodafone and O2 will have in Cable and Wireless Worldwide is the UK infrastructure, if Virgin Media would be interested it will be purely for the business customers that Cable and Wireless Worldwide holds such as Tesco,Post Office,Co-Operative,Morrisons,Aviva,HMRC,Scottish Power,Lloyds TSB,RBS,EDF Energy ect......
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