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.
The Mumbai-based company is holding discussions with banks as it seeks to arrange a loan for the transaction, and has hired Standard Chartered as its adviser, the person added.
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RICS: Housing market continues to strengthen but 2025 could be challengingThe latest survey by the Royal Institution of Chartered Surveyors reports a resilient UK housing market, but warns of headwinds next year
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