Despite having made a formal announcement of its intentions to acquire Cable & Wireless Worldwide (CWW), it is believed that Tata Communications has still not taken a final decision on this, say news reports.
Prior to this, the company was reportedly looking to finance its bid by raising a term loan of $2 billion.
It is believed that the loan will extend from between three to five years. Also, Standard Chartered, who is advising Tata Communications on the potential bid, will reportedly play a key role in raising this loan.
Besides, the company, along with Vodafone Plc, (who is also looking at acquiring CWW) has until March 29, 2012 to take a call on whether they want to bid for the company.
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.
