Tata flirts with Cable & Wireless Worldwide buyout
Suitors line up for troubled carrier
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Indian company Tata Communications confirmed this morning that it was considering a cash offer to acquire troubled telco Cable & Wireless Worldwide.
In a statement to the City, Tata said it was evaluating such a buyout of CWW - which is also being eyed up by mobile giant Vodafone.
Tata has until the end of play on 29 March to table its cash offer to takeover the carrier, or else abandon any such bid. Vodafone has a deadline of 12 March to throw its hat into the ring or walk away.
CWW's CEO Gavin Darby is the third boss at the company, which has been forced to issue a series of profit warnings, in the space of a year.
The telco has the largest fibre network in the UK and mainly serves business and public sector customers. ®
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COMMENTS
Re: A match made in heaven
Over the last few months I've had to deal with some technical people from TATA.and as I was brought up to believe, "if you can't say anything nice about someone then don't say anything" I will keep quiet. Bit if I didn't keep quiet there wouldn't be enough expletives to sufficiently convey my thoughts about their definition of technical and would probably extend that to the blobs of flesh they call people.
A match made in heaven
Clueless & Witless and Tata* - perfect match as they're both appalling.
*ask Aussies about Tata and congested/heavily traffic shaped transit, only turn the volume down on Skype/whatever when you do as there are likely to be some colourful epithets IME ;)
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