Tata prepares bid for C&W Worldwide, shares rocket

Tata Communications is considering a bid for Cable & Wireless, the fiber- network operator that is also being evaluated by Vodafone, a person with knowledge of the matter told Bloomberg.

Tata Communications is considering a bid for Cable & Wireless, the fiber- network operator that is also being evaluated by Vodafone, a person with knowledge of the matter told Bloomberg.

The report has sent shares of the take-over candidate rocketing 19% higher.

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