Feeds

C&W flogs Japanese biz

IDC not a 'good strategic fit'

  • alert
  • submit to reddit

Boost IT visibility and business value

UK telco Cable and Wireless is to flog its Japanese business - Cable & Wireless IDC Inc. (IDC) - to Japanese internet and telecoms outfit Softbank for £72.4m. Although C&W reckons IDC is a "sound business operating in a highly competitive market", it reckons that it is not a "good strategic fit" as it continues to focus on its "primary markets".

The deal is expected to be completed at the beginning of 2005 and includes Softbank taking on £9.5m in debt. C&W operations in other Asian markets - including Hong Kong, China, Singapore, Macau and India - are unaffected by the sale.

IDC provides voice, data and IP services to business customers in Japan and racked up revenues of £255m last year. Proceeds from the sale of IDC will be pumped into the running of the rest of the C&W group. Although C&W is getting rid of the business, it will hang onto two international data nodes to allow the company to provide services to and from Japan.

Separately, C&W is to unveil its first UK advertising campaign for four years from tomorrow. A series of press ads will position C&W as the "leader in integrated communications and IT infrastructure solutions for business". Said C&W's UK marketing bod: "This integrated campaign sends a clear signal to the market that Cable & Wireless means business. We have a clear vision and a strong brand proposition." ®

Related stories

Interactive urinal cake aimed at ravers, C&W fans
The Great ISP Buyout
C&W to throw £85m at LLU

Seven Steps to Software Security

More from The Register

next story
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
Apple orders huge MOUNTAIN of 80 MILLION 'Air' iPhone 6s
Bigger, harder trouser bulges foretold for fanbois
Google Nest, ARM, Samsung pull out Thread to strangle ZigBee
But there's a flaw in Google's IP-based IoT system
Orange spent weekend spamming customers with TXTs
Zero, not infinity, is the Magic Number customers want
US freemium mobile network eyes up Europe
FreedomPop touts 'free' calls, texts and data
'Two-speed internet' storm turns FCC.gov into zero-speed website
Deadline for comments on net neutrality shake-up extended to Friday
Oh girl, you jus' didn't: Level 3 slaps Verizon in Netflix throttle blowup
Just hook us up to more 10Gbps ports, backbone biz yells in tit-for-tat spat
Want to beat Verizon's slow Netflix? Get a VPN
Exec finds stream speed climbs when smuggled out
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.