The Cable & Wireless name is set to disappear from the UK telecoms market after almost 80 years following Vodafone’s agreement of a £1bn cash acquisition of the group.
The deal will catapult Vodafone to become the UK’s second-largest combined fixed and mobile operator after BT. It will also double its British enterprise business and bulk up its overseas network.
For C&WW, it would mark an end to a decade of decline, barely arrested with the acquisitions of Energis and Thus six years ago and a demerger from the overseas consumer business in 2010 that led to three profit warnings and a management overhaul.
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