There was a time when the news that Vodafone Group was eyeing a takeover of Cable & Wireless Worldwide (CWW) would have come as a big surprise. The UK-based operator once seemed determined to be thought of as a mobile-only player, shunning investments in the fixed-line infrastructure that is CWW’s speciality. But when Vodafone last week confirmed its interest in exactly such a deal, few were taken aback. Buying CWW would simply mark the continuation of a strategy that Vodafone started to implement several years ago. (more…)