Vodafone Group Plc (VOD) may save £1 billion in taxes if its bid for Cable & Wireless Worldwide Plc (CW.L) succeeds, the Sunday Times reported.
Vodafone may reduce its tax bill by this amount because Cable & Wireless has posted £5.2 billion in capital losses, the report said. The savings would cover most of the cost of the potential acquisition, the report stated.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.