Nick Brown News
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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1.04 billion-pound ($1.6 billion) takeover offer for Cable & Wireless Worldwide Plc after the target’s largest investor rescinded its opposition.
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Everything Everywhere, the U.K. mobile-phone venture of France Telecom SA and Deutsche Telekom AG, may get a takeover bid from former chief Tom Alexander, who is trying to arrange financing for the effort, people familiar with the matter said.
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Cargoes of dry-bulk commodities hauled through Arctic waters are set to rise to a record this year as shipping companies use the route to almost halve journey times compared with Suez Canal shipments.
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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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London prostitution, strip tease bars, canal boats and the homeless are being cleared away as the U.K.’s capital prepares to host the 2012 Olympic Games.
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Vodafone Group Plc is left as the only potential bidder for Cable & Wireless Worldwide Plc after Tata Communications Ltd. failed to agree on a price and decided against making an offer for the U.K. network operator.
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Hutchison Whampoa Ltd., billionaire Li Ka-shing’s biggest company, is nearing a deal to acquire Orange Austria, the mobile-phone operator owned by France Telecom SA and buyout firm Mid-Europa Partners, according to people with knowledge of the matter.
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Ziggo NV, the Dutch cable company owned by Warburg Pincus LLC and Cinven Ltd., gained as much as 19 percent on the first day of trading after its initial public offering raised 804 million euros ($1.1 billion) with shares sold at the top end of its price range.
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Vodafone Group Plc, the world’s largest mobile-phone operator, won more time to bid for Cable & Wireless Worldwide Plc as it steps up its pursuit of the company’s fixed-line assets.
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Deutsche Telekom AG, Germany’s largest telephone company, is evaluating options for an exit from the U.K. as it seeks to raise cash after failing to sell its T-Mobile USA unit, people with knowledge of the matter said.
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