Vodafone to pay $1.7 billion for Cable & Wireless

04/22/2012 | Total Telecom Magazine (U.K.) · Bloomberg Businessweek

Vodafone will enter the U.K. fixed-line network and expand its enterprise base with a $1.7 billion acquisition of Cable & Wireless, the companies announced today. The carrier said the deal would also boost its U.K. mobile coverage and global business-to-business operations. "While opportunistic in nature, this acquisition is in line with group strategy. This was an attractive opportunity to buy assets in the U.K.," Vodafone CEO Vittorio Colao told investors.

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Total Telecom Magazine (U.K.) · Bloomberg Businessweek

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