Investor Backs Vodafone’s $1.6 Billion Bid for Cable & Wireless – NYTimes.com

Investor Backs Vodafone’s $1.6 Billion Bid for Cable & Wireless – NYTimes.com.

Nader Nazemi

Cable & Wireless Worldwide headquarters in Bracknell, Britain.

LONDON — The Vodafone Group moved a step closer on Monday to its £1.04 billion ($1.63 billion) takeover of Cable & Wireless Worldwide, after the largest investor in the British telecommunications company backed Vodafone’s bid.

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