Tata Communications Limited is reportedly considering bidding for Cable & Wireless Worldwide (CWW), say news reports.
It is believed that CWW?s valuation may touch $1.2 billion, especially for its voice, data and IP services. About one-third of CWW?s ?2.2 billion revenues come from carrying internet and voice traffic for other telecom companies.
CWW has come on the slabs owing to declining market value, which reportedly went down by 70 per cent in the past two years.
Industry analysts believe that the deal, if it goes through, will enhance Tata Communications? footprint in the voice, data and undersea cable network segments.
