Vodafone Buys Cable & Wireless For $1.7B, Gives Mobile Carrier Bigger Window On Enterprise, Broadband

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Big news from the UK this morning: Vodafone, one of Europe’s biggest mobile operators, has made a formal offer to buy up the assets of Cable & Wireless for £1 billion ($1.7 billion), a deal that catapults Vodafone into running its own fixed line network in the UK and specifically will give it a much bigger view on to winning enterprise business — a big challenge to BT.

Cable & Wireless, once one of the biggest operators in Europe, has fallen on hard times more recently and has run through three chief executives since a restructuring in 2010.

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