NEWS Cable & Wireless shares traded down this morning after the telco said it plans to buy the assets of defunct web-hosting company Exodus. Shares opened 2.4 per cent down and continued to decline, trading 4.88 per cent down, at 326.59p, by 10.00 (GMT). Cable & Wireless said it will pay $850m for the assets, and will plough a further $250m into rejuvenating the company, with a break-even target set for 2003.
Cable & Wireless struggles after Exodus buyout
Going down, going down...
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