7/3/2012 9:40:15 AM
EU 'set to approve' Vodafone takeover of CWW
European Union regulators are reportedly set to approve Vodafone's £1bn takeover of telecoms group Cable & Wireless Worldwide (CWW) without any conditions.
The European Commission has set a deadline of today (3 July) for its decision. Vodafone announced the takeover bid in April and received shareholder approval for the acquisition last month.
Reuters quoted a 'source familiar with the matter', who said: 'The deal is expected to be cleared without any conditions.' If the deal is finally given the green light, it will strengthen the operator's enterprise business and deliver cost savings.
Editor: Graeme Neill