Cable & Wireless Worldwide bidders given more time

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Cable & Wireless Worldwide bidders given more time

Simon Quicke

The two bidders for Cable & Wireless Worldwide have been given an extension to get their proposals in order after the initial deadline didn't deliver any concrete results.

Vodafone and Tata have emerged as the contenders for the CWW business, with both being given a deadline of yesterday to get their offers in but that has now been pushed back to 19 April.

Sources have suggested that the extension was called for by all parties as more information was needed before bids could be firmed up.

Vodafone has been the first to express an interest and was given a deadline earlier this month but when Tata threw its hat into the ring the pair were given more time to get their submissions together.


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