Belfast Telegraph

Vodafone evaluating telecom takeover deal

Vodafone is mulling a potential takeover bid for struggling telecoms firm Cable & Wireless Worldwide, the mobile phone giant confirmed.

In a brief statement to the stock market, Newbury-based Vodafone said it was in the early stages of evaluating the merits of a deal for C&WW, which sells telecoms and internet services to major UK businesses. Vodafone would need around £700m to buy C&WW.