Vodafone has announced to make a bid for Cable & Wireless Worldwide (CWW), which is the telecom and broadband networking company providing services to corporate customers.
"Vodafone regularly reviews opportunities in the sector and confirms that it is in the very early stages of evaluating the merits of a potential offer for CWW," the company said in a statement. "There is no certainty that an offer will be made nor as to the terms on which any offer might be made. Any offer, if made, will be in cash but Vodafone reserves the right to change the specie of consideration."
Vodafone would offer 700 million pounds to the Cable & Wireless (C&W). However, the company's firm intentions will be announced by March 12.