Vinod Kumar, the CEO of Indian telco group Tata Communications, said that his company is still on the lookout for acquisitions in developed markets despite pulling out of the Cable & Wireless Worldwide (CWW) bid process in mid-April.
Speaking to the…
Vinod Kumar, the CEO of Indian telco group Tata Communications, said that his company is still on the lookout for acquisitions in developed markets despite pulling out of the Cable & Wireless Worldwide (CWW) bid process in mid-April.
Speaking to the Financial Times, Kumar explained that no agreement could be reached on a deal value because of CWW’s shareholders expectations.
Shortly after, British telco Vodafone said it would buy the fibre operator for £1.04bn (US$1.67bn).
But Kumar said that Tata Comm is still looking for similar acquisitions, particularly in the UK, US, France and Canada.
