Cable & Wireless News
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OAO Mobile TeleSystems, Russia’s largest wireless operator, is studying an acquisition of pay-TV and Internet provider Akado to expand in the broadband business in the Moscow region, a person familiar with the matter said.
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Vodafone Group Plc, the second- largest wireless company, will increase U.K. investment by 50 percent to 900 million pounds ($1.37 billion) as it upgrades its network for faster speeds and services for businesses.
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Singapore Telecommunications Ltd., Southeast Asia’s biggest phone company, plans to spend S$2 billion ($1.6 billion) within three years on acquisitions to boost growth after posting a drop in profit.
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Coffee houses hold a special place in London’s history. During the late 17th century, they were the birthplace of Lloyd’s of London and the London Stock Exchange -- two institutions that helped make the square-mile City of London a global financial capital.
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With Cable & Wireless Worldwide Plc languishing as the world’s cheapest telecommunications carrier, Vodafone Group Plc and private equity firms may not be able to resist making offers for the British fiber-network operator.
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Cable & Wireless Worldwide Plc’s largest shareholder refused to support Vodafone Group Plc’s 1.04 billion pounds ($1.7 billion) offer, saying the bid doesn’t reflect the value of the U.K. fixed-line network operator.
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Vodafone Group Plc and Tata Communications Ltd. were given more time to make a bid for U.K. fiber-network operator Cable & Wireless Worldwide Plc.
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Vodafone Group Plc won shareholder approval for its 1.04 billion-pound ($1.6 billion) takeover offer for Cable & Wireless Worldwide Plc after the target’s largest investor rescinded its opposition.
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Tata Sons Ltd. Chairman Cyrus Mistry, chasing his predecessor’s vision of boosting revenue fivefold in the next decade, is searching for a head of mergers and acquisitions, a person familiar with the plan said.
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Vodafone Group Plc agreed to acquire Cable & Wireless Worldwide Plc for 1.04 billion pounds ($1.7 billion) in cash, adding a U.K. fixed-line network to its mobile-phone system and gaining business customers.
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