Arab Today, arab today tata comm mulls bid for cw worldwide
Last Updated : GMT 16:24:37
Arab Today, arab today
Arab Today, arab today

Tata Comm mulls bid for C&W Worldwide

Arab Today, arab today

Arab Today, arab today Tata Comm mulls bid for C&W Worldwide

Mumbai - Arabstoday

Tata Communications (Tata Comm) on Thursday said it is evaluating a potential bid for Cable & Wireless (C&W) Worldwide Plc, in what could be the biggest British acquisition by an Indian firm since sister company Tata Motors bought Jaguar Land Rover. Tata Communications’ considerations were “at a very preliminary stage,” the company said in a regulatory filing, adding it would have to decide on an offer for the firm, which has a market capitalisation of around $1.2 billion, by March 29. The Indian company, part of the tea-to-technology Tata Group conglomerate, would be vying with Britain’s Vodafone Group Plc.

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