Cable & Wireless Optus is keeping the identity of prospective buyers under tight wraps, amidst speculation that Vodafone has raised the stakes with a AU$18 billion bid for Australia's number two telco.
Junior telecommunications company Uecomm has lauded the "quality of business" recorded over the last two years as validating a takeover bid made by SingTel Optus last Friday.
UK giant Vodafone has struck a deal with Hutchison Telecommunications in a bold move to by-pass anti-trust laws and acquire Australia's second largest mobile carrier.
In a deal that will create the biggest independent IT services provider in Australia, technical services company UXC will snap up the Australian arm of work services firm Getronics.
Singapore Telecommunications told analysts today it was confident its bid for Cable & Wireless Optus would be declared unconditional by Thursday.
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