C&W
RSS C&WC&W exits Japan with sale of unit to Softbank
News Broadband rising star Softbank is to pay 12.3bn yen (£62.8m) for Cable and Wireless Japanese operation IDC, a business that C&W fought tooth and nail to purchase at the height of the telecoms bubble. In... [27 Oct 2004]
C&W cashes in on NTL
News Investment bank Goldman Sachs bought the eight million shares in the Anglo-American company in conjunction with other unnamed investors. However, the sale still leaves C&W with 36.4 million shares in... [24 Jan 2001]
C&W splashes out on Digital Island
News The move for the business that helps speed data over the web will ease the growing pressure placed on C&W by its shareholders who want the company to give back some its $6bn cash pile. Digital... [14 May 2001]
C&W snatches Energis for £674m
News Cable & Wireless (C&W) has overcome a last-minute intervention from rival telecoms firm Thus and won control of Energis. C&W announced on Tuesday morning that its offer... [16 Aug 2005]
C&W aims to buy back stock
News The company issued a profit warning in March, a forecast that held good as the company unveiled a 16 per cent fall in pre-tax profits to £3.4bn for the year ended March 31, compared with £4bn the previous year. [16 May 2001]
C&W takes control of Thus
News Telco Cable & Wireless has announced it has taken effective control of Glasgow-based telecoms provider Thus, after its 180-pence-per-share offer for the company was declared unconditional. The board of... [02 Oct 2008]
C&W CEO: BT is working against its customers
News BT is not working in the interests of one of its biggest customers by launching its 21CN, according to Cable & Wireless' UK CEO Jim Marsh. And he should know since his company is among the largest customers for BT's Wholesale business. [14 Sep 2006]
C&W to focus on B2B strategies
News Cable & Wireless (C&W) today confirmed its move away from the consumer market, and underlined its focus on business communications based on data and IP. At... [15 Mar 2000]
C&W cuts 600 jobs and shuts London HQ
News Cable & Wireless has announced major restructuring that will see 600 jobs lost in the UK and Europe, and will return £250m to investors in a buyback scheme. The company has given no details on where precisely the jobs will be lost, but... [10 Nov 2004]
C&W plays next generation game
News Cable & Wireless has completed the rollout of its all-IP next generation network. The telco announced yesterday it has completed the changeover three months ahead of schedule and 15 per cent under budget, shaving £10m off the cost of the... [12 Oct 2006]
C&W raises $772m from SingTel share sale
News Cable & Wireless has raised $772m from the sale of shares in Singapore Telecom. The company gained the shares from the sale of its Australian business, Cable & Wireless Optus. The Optus takeover has to date raised around $1.9bn... [26 Sep 2001]
C&W top brass line up £220m in bonuses
News The Communication Workers Union (CWU) has reacted angrily to an announcement this week that senior managers at struggling telco Cable & Wireless (C&W) could be in line for multimillion-pound bonuses. [16 May 2006]
C&W to slash UK workforce by half
News Cable & Wireless is to cut its UK headcount by half over the next four to five years as part of a massive cost-cutting programme. The company said it is aiming to cut its operating cost run-rate by £5m per month by the end of September... [28 Feb 2006]
C&W picks up £15m Centrica contract
News Cable and Wireless has won a £15m, three-year contract to carry traffic generated by Centrica Telecommunications, a bright spot in a quarter that has seen it slash costs and commence far-reaching restructuring. [24 Jul 2003]
Stockwatch: C&W takes a battering
News C&W's decision to buy the assets of struggling web-hosting giant Exodus Communication has pushed the company's share price further into the red. The $850m cash deal was not met too kindly by the... [03 Dec 2001]
