» ISP News » 
Sponsored Links

Shareholders Approve GBP1bn Vodafone Takeover of Cable and Wireless

Tuesday, Jun 19th, 2012 (1:15 pm) - Score 590

The shareholders of European communications provider Vodafone have voted 99% in favour of the £1.044 Billion deal (38p per share) to buy telecoms giant Cable & Wireless Worldwide (CWW), which gives the operator plenty of new capacity and room to grow both its existing fixed line and future mobile services.

At present CWW owns one of the UK’s largest networks of fibre optic business lines (20,000km+) and also supplies multiple ISPs with leased line and broadband (LLU) connectivity (e.g. Tesco). By comparison Vodafone has a somewhat shaky history in the country’s retail broadband market and last year even gave up on its own VodafoneAt Home service (here).

The gobbling up of CWW will thus allow Vodafone to cease its capacity reliance on BT, which should also help to cut costs, and allow it to keep pace with the rapidly growing demands for Mobile Broadband data. However it remains to be seen whether Vodafone will make any changes that negatively impact CWW’s existing customers.

A more complete summary of the original deal was posted during April 2012 (here). At the time one of CWW’s largest shareholders, Orbis Investment Management (19% stake), was still objecting but few supported such a stance. Orbis has now voted in favour.

By Mark Jackson
Mark is a professional technology writer, IT consultant and computer engineer from Dorset (England), he also founded ISPreview in 1999 and enjoys analysing the latest telecoms and broadband developments. Find me on X (Twitter), Mastodon, Facebook and .
Search ISP News
Search ISP Listings
Search ISP Reviews

Comments are closed

Cheap BIG ISPs for 100Mbps+
Community Fibre UK ISP Logo
Gift: None
NOW £25.00
Gift: None
Virgin Media UK ISP Logo
Virgin Media £25.00
Gift: None
Vodafone UK ISP Logo
Vodafone £26.50 - 27.00
Gift: None
Plusnet UK ISP Logo
Plusnet £27.99
Gift: None
Large Availability | View All
Cheapest ISPs for 100Mbps+
Gigaclear UK ISP Logo
Gigaclear £17.00
Gift: None
Community Fibre UK ISP Logo
Gift: None
BeFibre UK ISP Logo
BeFibre £19.00
Gift: None
YouFibre UK ISP Logo
YouFibre £21.99
Gift: None
Hey! Broadband UK ISP Logo
Gift: None
Large Availability | View All
The Top 15 Category Tags
  1. FTTP (5654)
  2. BT (3550)
  3. Politics (2579)
  4. Openreach (2330)
  5. Business (2306)
  6. Building Digital UK (2263)
  7. FTTC (2055)
  8. Mobile Broadband (2017)
  9. Statistics (1817)
  10. 4G (1705)
  11. Virgin Media (1656)
  12. Ofcom Regulation (1487)
  13. Fibre Optic (1416)
  14. Wireless Internet (1411)
  15. FTTH (1382)

Copyright © 1999 to Present - ISPreview.co.uk - All Rights Reserved - Terms , Privacy and Cookie Policy , Links , Website Rules , Contact