Vodafone acquires Cable & Wireless Worldwide for £1 billion, in a bid to get more enterprise business while running a fixed line network.
With a history starting from the 19th century (formed from a number of international telegraph assets), C&W has recently fallen into hard times, going through 3 CEOs since starting a restructuring process in 2010.
The acquisition will turn Vodafone the 2nd biggest operator in the UK, with annual revenues reaching £7bn. Perhaps more importantly it will also open the enterprise market for Vodafone-- enterprise n Read more...