Vodafone closes in on CWW purchase; buys back shares
Vodafone Group’s potential takeover of Cable and Wireless Worldwide (CWW) is a step closer to being accepted after a major shareholder withdrew its objection to the deal. The operator group’s £1.04bn bid was in doubt of being accepted after investment group Orbis, which owns 19 per cent of CWW, voiced its opposition to the takeover.