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Vodafone's good call on Cable and Wireless

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Vodafone's good call on Cable and Wireless

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The mobile phone group Vodafone looks certain to have won its bid for Britain’s fixed-line operator Cable and Wireless Worldwide, after CWW’s biggest shareholder dropped its opposition.

Institutional investor Orbis said it would now accept the 38 pence – or 47 euro cents – per share after learning that 59 per cent of shareholders had already agreed.

The 19 per cent that Orbis owns will tip Vodafone over the 75 per cent needed.