ANALYST VIEWS: HOW LIKELY

TOM GIDLEY-KITCHIN | CHARLES STANLEY

We see C&WW’s networks and business as being attractive to a number of potential acquirers but we had not expected there would be any bid interest for another 12 months or so and that may well still be the case.

WILL DRAPER | EXECUTION NOBLE

A bid is likely eventually, but it probably won’t come from Singapore?Telecom – a firm with little UK business and therefore few synergies. The natural bidders for C&WW are France Telecom, Telefonica and Vodafone.

MARK JAMES | LIBERUM CAPITAL

I think a bid is unlikely from Singapore Telecom – looking at the other acquisitions it has made, the company has sought to buy growth overseas that it is lacking domestically, and in my view C&WW cannot offer that.