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.
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