Tata Communications and Vodafone are both reportedly seeking an extension of the Thursday deadline to 'put up or shut up' for placing bids to acquire Cable & Wireless Worldwide (CWW). Managers of both companies are said to have found the information shared by CWW insufficient, report Sanjay Suri and Swati Khandelwal Jain.
Global telecom giant Vodafone and India's Tata Communication share a common target - CWW. But what makes the company so interesting? For vodafone, CWW could be the platform to scale up its global enterprise division. What about the Tatas? David Molony, principal analyst at Ovum says that for Tata, it is different because CWW is a global network based on MPLS high bandwidth, running advanced networking plus specialty business videos, just like Tata Communications.