Vodafone Group, a leading company in mobile telephony, announced that it is considering the acquisition of Cable&Wireless Worldwide. According to some rumors, the offer should be around 700 million pounds.
Immediate consequence of the announcement, even if in its press release Vodafone cools down the tone by writing that there is no certainty that an offer will actually be made, it was the dizzying leap in the stock market of Cww shares, which in London have risen by 29%, while the Vodafone share does not register substantial changes.
Cable&Wireless Worldwide parted company with its partner in March 2010 and has since issued a series of profit warnings, while the group's shares were down 74% year-on-year. To make the British group attractive, for a giant like Vodafone, more than the assets, could be the idea to make different use of the structures available to Cww.
