Vodafone acquired Cable & Wireless Worldwide in a 1 Billion Pound Deal

Apr 24, 2012, 13:32 IST

Corporate Current Affairs 2102. Vodafone on 23 April 2012 acquired communications provider Cable & Wireless Worldwide (CWW) in a deal just over 1billion pound

Vodafone on 23 April 2012 acquired communication service provider Cable & Wireless Worldwide (CWW) in a deal just over 1billion pound.

The deal is aimed at strengthening Vodafone's enterprise and international services, and will let the mobile operator offload increasing mobile traffic onto the Cable & Wireless Worldwide (CWW) fibre network in the UK.

CWW, with its fibre network spread across 20500km in the UK, and 425000km long internationally, will help Vodafone to overcome its rivals O2 and Everything Everywhere to become the second-largest telco in the UK after BT . The company has 127 points of presence in 35 countries. It also owns a number of submarine cables around the world, along with many datacentres.

Jagran Josh
Jagran Josh

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