SingTel eyes up CWW

6 Sep 2010

According to the Independent on Sunday, Singapore Telecom (SingTel) is considering a bid for UK-based Cable & Wireless Worldwide (CWW), with the claims coming hot on the heels of reports last week that American giant AT&T was putting together a takeover plan for the British outfit. The report, citing an unnamed source, claimed that SingTel has contacted bankers in Asia and Europe to discuss its own ideas for the Bracknell-based company, with the Singaporean outfit thought to be in the early stages of its plans; ‘SingTel is running the slide rule over Cable & Wireless … It’s less than 10% of the way through the process but has contacted investment banks in Hong Kong, Singapore, and London,’ the newspaper’s source noted.

United Kingdom, Cable & Wireless Worldwide, Singtel Group