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British Publication says C&W will Get Rid of Caribbean Assets
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British Publication says C&W will Get Rid of Caribbean Assets
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February
12, 2001 - A leading British publication that
specializes in financial news, the Investors Chronicle, reports that
Cable & Wireless will be getting rid of its Caribbean assets once regulatory
hurdles have been cleared. In its January
27th edition, the Investors Chronicle reports that the
telecommunications giant is in the process of completing its transformation from
a telecoms conglomerate to a specialist provider of voice, data and Internet
services for businesses. The report
adds that the company has 4.2 billion pounds cash to spend on the next stage of
its expansion and transformation into IP-based services.
In recent times, the paper notes, Cable & Wireless has sold assets in
Hong Kong and its holdings in Australia are up for sale. The article in
the Investors Chronicle ends with the pronouncement that the Caribbean
assets will go once regulatory hurdles have been cleared. Cable & Wireless, which provides most of the Caribbean’s telecommunications services, has denied the Investors Chronicle’s report. |
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