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Vodafone closes in on CWW purchase; buys back shares - telecoms.com
Vodafone nears CWW deal Vodafone Group’s potential takeover of Cable and Wireless Worldwide (CWW) is a step closer to being accepted after a major shareholder withdrew its objection to the deal. The operator group’s £1.04bn bid was in doubt of being accepted after investment group Orbis, which owns 19 per cent of CWW, voiced its opposition to the takeover. However, the firm has backed down and now believes that the bid will eventually succeed, even if Orbis were to vote against it. “In these circumstances, our opposition would only serve...
Published By: telecoms.com - Tuesday, 19 June, 2012