C&W moots more UK acquisitions
PrintWants to be major telco player
Posted in Financial News, 21st June 2004 10:55 GMT
Free whitepaper – Thermal design of Dell PowerEdge server
Cable & Wireless - the telco even the boss admits was regarded as "down and out" - has ambitions to be a major business telecoms player in the UK.
Last month, C&W bought broadband outfit Bulldog for £19m. In an interview today with The Telegraph, chief exec Francesco Caio suggested there could be more acquisitions in the pipeline. "Our job in the UK is to define the best way of reaching a sustainable and profitable position. Bulldog was a way of accelerating our strategy. Other acquisitions have to be assessed in that context."
The report reels off a number of ISP and telcos that could be of interest to C&W: they include Colt, Easynet, Energis, Kingston, Pipex and Thus.
C&W also likes owning integrated telecoms companies in small countries. This month, it agreed to buy Vivendi's 55 per cent stake in Monaco Telecom for €196m cash. The Caribbean has proved a big cash cow for the firm, but new entrants are making for tougher competition. ®
Related stories
Cable & Wireless is not 'down and out'
C&W buys Bulldog
C&W chases five ex-staff for £25m fraud
Free whitepaper – Total cost of ownership of Dell, HP and IBM blade solutions
Analyst Keynote: The Register Agile Data Center Summit
What Exchange can't do - and Dell can
Hosted CRM Can Be Your Secret Weapon to Success!
10 Strategies for Choosing a Midmarket ERP Solution
Enabling The Agile Data Center
Google Spanner — instamatic redundancy for 10 million servers?
Early adopters bloodied by Ubuntu's Karmic Koala
Fedora 12 polishes Linux for netbooks
Sign up, sign up for The Register IT security newsletter