Cable & Wireless Worldwide Plc, which jumped 45 percent in London trading after Vodafone Group Plc said it’s evaluating a potential bid, hired NM Rothschild & Sons Ltd. and Barclays Capital as advisers before any approach.
Vodafone Group Plc ’s $6.5 billion sale of its stake in China Mobile Ltd. is the biggest divestment since Chief Executive Officer Vittorio Colao took charge in 2008. Investors are looking to him for more disposals.
BT Group Plc , the U.K.’s largest fixed-line company, said fourth-quarter profit rose and a regulator’s review of its pension funding program was halted, ending a year of talks over the scale of the recovery plan.
Cable & Wireless Worldwide Plc, which provides telecommunications services to the U.K. police force, said full-year profit will miss estimates because of slower-than-expected sales orders. Chief Executive Officer Jim Marsh resigned.
Vodafone Group Plc and Bharti Airtel Ltd. bought Indian high-speed wireless permits in an auction that raised 677.2 billion rupees ($14.6 billion), stoking concern carriers won’t recoup fees from users paying the world’s cheapest phone rates.
Portugal’s veto rights at Portugal Telecom SGPS SA discourage investments, a European Union court said in a ruling that may clear the way for Telefonica SA’s bid to take over a Brazilian wireless operator.
U.K. stocks declined as a slump at Old Mutual Plc and weaker-than-estimated consumer confidence data in the U.S. overshadowed Federal Reserve Chairman Ben S. Bernanke ’s comments that he may provide more stimulus measures.