Vodafone has succeeded in its attempt to buy Cable & Wireless in a bid to become the UK's second largest telecoms company. The £1.04 billion ($1.6 billion) purchase had been at risk thanks to a C&W shareholder rebellion, but will will now go ahead barring regulatory approval. Big Red will take control of undersea cables that connect global telephone lines, a booming business division and a national fiber-optic network, which it'll use to boost its mobile data service -- sad news for anyone hoping the company would offer triple-play services on all that shiny fiber.
Vodafone gets green light to buy Cable & Wireless, goes on a high-fiber diet
In this article: Backbone, BT, Bundle, Bundled Package, BundledPackage, Business, Buyout, Cable Wireless, Cable and Wireless, Cable Wireless, CableAndWireless, CableWireless, Cellphones, Europe, Fiber-Optic, Fiber-Optic Broadband, Fiber-opticBroadband, Fibre-Optic, Fibre-Optic Broadband, Fibre-opticBroadband, Network, Takeover, UK, Virgin Media, VirginMedia, Vodafone
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