Contact Center Solutions Industry News

TMCNet: Tata Communications not to acquire Cable and Wireless Worldwide

[April 19, 2012]

Tata Communications not to acquire Cable and Wireless Worldwide

Apr 19, 2012 (Datamonitor Financial Deals Tracker via COMTEX) -- Tata Communications, Ltd. (TCL), an India-based telecommunications company, is unable to reach agreement to acquire Cable & Wireless Worldwide plc (CWW). TCL is now not interested to make an offer for CWW.

TCL is an India-based telecommunications company, while CWW is a UK-based provider of communications solutions.

Announcement (March 1, 2012): TCL is evaluating a possible cash offer for CWW. The transaction is valued at approximately more than $1,200 million.

Earlier on February 13, 2012, Vodafone Group Plc also expressed its interest to make a potential offer for Cable & Wireless.

Standard Chartered Plc is acting as financial advisor to TCL.

Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Terminated: 2012-04-19 Deal Participants Target (Company) Cable & Wireless Worldwide plc (formerly Cable & Wireless Worldwide Limited) Acquirer (Company) Tata Communications Limited

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