CORRECT: Tata Communications May Offer To Buy Cable & Wireless - Report
01 March 2012 - 6:06PM
Dow Jones News
Tata Communications Ltd. (500483.BY) may make a bid for telecom
company Cable & Wireless Worldwide PLC (CW.LN), the Times of
India reported Thursday, citing unidentified people aware of the
matter.
The Tata Group company may be vying with Vodafone Group PLC
(VOD.LN) for the potential acquisition, the report added.
The deal would be significant for Tata Communications, providing
the Indian company a larger footprint in the voice and data carrier
businesses as well as in the undersea cable network segment, the
newspaper reported.
Last month, Vodafone confirmed that it is in the very early
stages of evaluating the merits of a potential offer for Cable
& Wireless.
Newspaper website: http://www.timesofindia.com
-By Mumbai Bureau, Dow Jones Newswires; 91 22 6145 6100;
djn.in@dowjones.com
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