World's biggest mobile phone operator by revenue, Vodafone has reportedly agreed to buy Cable & Wireless Worldwide (CWW) for 1.04 billion pounds (nearly $1.9 billion). The latest move will give Vodafone, a British fixed-line network for its wireless operations. 

Market watchers believe, buying corporate telecoms specialist CWW would make Vodafone a leading player in both fixed-line and mobile telecom services to Britain's businesses. It would be a cost saving options for users both in the UK and internationally. 

For the proposed deal, Vodafone is offering CWW shareholders, 38 pence a share in cash, a 92 percent premium to the price.  Besides Vodafone, India's Tata Communications was also in talks to buy CWW, but the two sides could not agree on a price. Tata Communications was offering 35 pence a share, trusted aides informed our team. 

It is worth noticing, now Vodafone can use CWW's 20,500 kilometres of fibre cables to shift data from its wireless network (which is under strain as more and more people use data-hungry smartphones) after the deal.  

Presently, Mobile phone group Vodafone rents fixed lines for such capacity from the likes of CWW and BT. 

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