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Vodafone May Save $1.6 Billion in Tax With Takeover, Times Says

March 18 (Bloomberg) -- Vodafone Group Plc may save 1 billion pounds ($1.6 billion) in taxes if its bid for Cable & Wireless Worldwide Plc succeeds, the Sunday Times reported, citing analysts it didn’t identify.

Vodafone may reduce its tax bill by this amount because Cable & Wireless has posted 5.2 billion pounds in capital losses, the newspaper said. The savings would cover most of the cost of the potential acquisition, according to the report.

To contact the reporter on this story: Grant Smith in London at gsmith52@bloomberg.net

To contact the editor responsible for this story: Stephen Voss on sev@bloomberg.net

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