Orbis says it would hold stake in Vodafone-led CWW
Cable & Wireless Worldwide shareholder Orbis said it would be prepared to retain its 19 percent stake in the corporate telecoms company if Vodafone took control.
The investor said on Monday that Vodafone's agreed 38 pence-a-share offer undervalued CWW's assets and it declined to publicly back the deal.
Certainly the prospect of being a shareholder in a stand-alone or Vodafone-led CWW are two potential outcomes Orbis has planned for and is comfortable with, a spokesman said on Tuesday.