Feeds

PCCW linked to £2.4bn bid for C&W

Rubbish! says PCCW

  • alert
  • submit to reddit

New hybrid storage solutions

Cable & Wireless has rejected advances by Hong Kong telco PCCW that would have valued C&W at around £2.4bn.

Talk of takeover offers between the two companies was supposed to have taken place last month, according to the FT, which reports that PCCW was prepared to cough up at least 100p a share for C&W.

Last night C&W shares closed at 57.75p. By mid morning today its shares had risen 2p (3.5 per cent) to 59.75p.

It seems PCCW is interested in C&W's operations in Macau and the Caribbean and had already lined up someone to takeover C&W's US operations, the FT says.

But in a new twist PCCW is now playing down the FT's story and denying that it made an approach to C&W.

Last week reports surfaced that PCCW was interested in C&W and another UK telco, Energis. ®

Related Stories

Energis pooh-pooh's PCCW approach
PCCW mulls Energis bid - report

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.