The board of UK fixed line network operator Cable & Wireless Worldwide (CWW) has encouraged shareholders to accept the GBP1.044 billion (USD1.65 billion) offer from Vodafone Group, after reporting earnings before interest, tax, depreciation and amortisation (EBITDA) of GBP378 million for the fiscal year ended 31 March 2012, down 14% compared to GBP442 million in 2010/2011. Revenue for the twelve-month period fell from GBP2.257 billion to GBP2.149 billion, predominantly due to a GBP121 million year-on-year drop in traditional voice revenue to GBP874 million, partially offset by growth in hosting, IP and data
Originally posted here:
OVETEL CWW shareholders urged to accept Vodafone offer amid falling results
No comments:
Post a Comment