Singapore Telecoms, the sovereign wealth-backed mobile phone-to-pay TV giant, is considering a bid for FTSE 100 group Cable & Wireless Worldwide.

Cable & Wireless shares spiked last week following rumours that US rival AT&T was putting together a takeover plan. Some analysts have dismissed the speculation surrounding AT&T’s interest, but SingTel has contacted bankers in Asia and Europe to discuss its own ideas for the Bracknell-based company.

To read this report in The Independent on Sunday in full, see:
www.independent.co.uk/news/business/news/cable-and-wireless-worldwide-in-singtels-sights-2070603.html

Also see:

SingTel mulls bid for C&W Worldwide [Reuters]
Singapore Telecommunications is considering a bid for FTSE 100 group Cable & Wireless Worldwide, The Independent reported Sunday.

The newspaper said Southeast Asia’s largest telecom firm had contacted bankers in Asia and Europe to discuss the idea.

To read this Reuters report in full, see:
www.btimes.com.my/articles/20100906004231/Article/
www.themalaysianinsider.com/business/article/singtel-mulls-bid-for-cw-worldwide/