Vodafone regularly reviews opportunities in the sector and confirms that it is in the very early stages of evaluating the merits of a potential offer for CWW, the company said on Monday, in response to press speculation.
Cable & Wireless Worldwide has issued a string of profit warnings since it split from the former Cable & Wireless in March 2010.
It appointed ex-Vodafone executive Garvin Darby as its new chief executive in November, when it cleared the decks with a host of writedowns and a halt to dividends.
The Sunday Times, which had said that Vodafone was considering a 700 million pounds bid for C&W Worldwide, also said private equity firm Apax
Vodafone said on Monday that any bid would be in cash.
(Reporting by Paul Sandle; Editing by Neil Maidment)