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Cable and Wireless Vodafone bid may be in trouble
Friday 04 May 2012 10:14:08 by Andrew Ferguson

The recent £1bn bid for Cable and Wireless Worldwide (Thus & Demon) by Vodafone, is in danger of falling apart. Orbis Investment Management who own around 19% of shares in Cable and Wireless Worldwide and not backing the bid, claiming it undervalues the group.

A clear backing of 75% of shareholders is needed for the sale to Vodafone to happen, and the jittery nature of the situation is reflected by a decreasing share price.

The last provider to undergo a similar situation was Tiscali, which was sold eventually at well under its original valuation to TalkTalk.

[ Topic: Internet Service Providers | 5 comments | link to this item ]

Comments

Posted by otester about 1 year ago
Good, I hope Vodafone stays as far away as possible, C&W being one of if not they only decent LLU supplier.

Posted by baby_frogmella about 1 year ago
@otester
Actually Vodafone's white label BTw based broadband service used to be very, very good even though it was scrapped last year and all users were moved to plusnet. If Vodafone do manage to complete the takeover of C&W and introduce Home broadband based on LLU, i can see it being as popular as O2/BE LLU.

Posted by otester about 1 year ago
@baby_frogmella

I doubt they'd come close to the likes of ICUK/Xilo etc.

Posted by zyborg47 about 1 year ago
I hope the sale don't happen either to be honest, I use the C&W network via ADSL24 and really happy with the service. the only problem I now have is who one earth will buy it if Vodafone don't?

If Talk Talk touches it i will be gone.

Posted by otester about 1 year ago
@zyborg47

TT bought Opal, can't see them needing C&W as their coverage is nearly if not already double that of C&W.