Offer values CWW at over £1Bn
Vodafone agrees takeover of Cable & Wireless
British mobile phone giant Vodafone
London - Arabstoday
The offer values the entire issued ordinary share capital of CWW at around £1.044 billion (1.28 billion euros, $1.68 billion), Vodafone added.
Vodafone had first indicated in February that it was looking to bid for C&W, while India's Tata Communications dropped out of the takeover race earlier this month.
Cable & Wireless Worldwide is a global telecoms company that was set up in the 1860s to run the British empire's communications network.
It was involved from the start in the laying of submarine cables around the world which linked the outposts of the British empire as it expanded in the 19th century.
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