Vodafone in Cable & Wireless buyout

Mobile phone giant Vodafone said today that it had agreed to buy ailing telecoms group Cable & Wireless Worldwide for £1.04bn (€1.27bn).

Mon, 23 Apr, 2012 - 08:41

Mobile phone giant Vodafone said today that it had agreed to buy ailing telecoms group Cable & Wireless Worldwide for £1.04bn (€1.27bn).

Vodafone unveiled the deal following weeks of speculation and after Indian rival Tata Communications walked away from talks, leaving the FTSE 100 firm as the sole runner.

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