Articles about Cable And Wireless

GCHQ and Cable and Wireless teamed as Masters of the Internet™

Cable and Wireless provided UK intelligence agency GCHQ with access to the internet connections of millions of global users, going as far as to tap India's second largest telco, Snowden documents reveal. The telco, since acquired by Vodafone, operated under the GCHQ pseudonym "Gerontic" when it opened and managed a secret fibre …
Darren Pauli, 21 Nov 2014

Bullish Vodafone barges back into UK consumer broadband market

Vodafone is plotting to re-enter the UK's competitive broadband market in 2015 – with a little help from arch enemy BT. The mobile operator said this morning that it would use the Cable & Wireless Worldwide network it bought in 2012 to tout its rival service at Brits. That acquisition gifted Voda with access to nearly 13,000 …
Kelly Fiveash, 11 Nov 2014
The Register breaking news

Cable & Wireless Worldwide shareholders OK Vodafone takeover

More than 99 per cent of voting shareholders have approved the takeover of Cable & Wireless Worldwide by Vodafone, despite suggestions that one of the largest was holding out for more money. Vodafone put £1,044m on the table at the end of April, but Orbis Investment Management threatened to vote its 19 per cent holding against …
Bill Ray, 19 Jun 2012
The Register breaking news

Vodafone agrees to Cable and Wireless buy

After many weeks of negotiations, Vodafone Europe has agreed to acquire Cable and Wireless Worldwide (CWW) for a sum that values the latter company at £1,044m, or £0.38 per share. The deal comes after Tata last week dropped out of a bid for CWW, which then gave Vodafone a deadline of Noon GMT today (April 23) to make a bid …
Simon Sharwood, 23 Apr 2012
The Register breaking news

Government shells out £2m for ID card compo

The government has released details of how it is paying suppliers £2.253m to compensate them for the cancellation of contracts connected to the scrapped plans for identity card. IDcards In a letter to Labour MP Meg Hillier, immigration minister Damian Green said that the government had paid £2.002m to Thales, £183,000 to 3M …
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BT dodges UK.gov axe

BT's finances will not be affected by government efforts to renegotiate massive IT contracts, it told investors today. The Cabinet Office has been seeking savings from all major contractors. BT said its discussions with Minister Francis Maude agreed new efficiencies but will not damage its bottom line. Jeff Kelly, who as …
Team Register, 15 Oct 2010
The Register breaking news

BT layoffs boost profits

Layoffs and cost-cutting at BT have boosted BT's first quarter net profits by a third to £284m. However, revenues were four per cent down to £5bn, and CEO Ian Livingston said the firm is in talks with the government about how deep public spending cuts will affect it. He described the results as "an acceptable start to the …
Cat 5 cable

C&W issues profit warning on public sector cuts

Cable and Wireless shares tumbled more than 20 per cent this morning after it warned investors it would miss profit targets because of cuts in the public sector. "Following the new government's emergency budget in late June, non-contracted spending in the UK public sector has slowed very significantly," it said in an …
The Register breaking news

C&W wraps up three-year court case

Cable & Wireless has been cleared of deliberately delaying telecoms market competition in the Caribbean, though even the judge attributed his decision in part to poorly drafted regulations. The case was brought by Digicel back in July 2007 and relates to how the Caribbean telecom market was opened up to competition after 2002 …
Bill Ray, 16 Apr 2010
The Register breaking news

Cable and Wireless borrows big to finance split

Cable and Wireless has today settled on the details of its long-planned split, which has been delayed by the recession. The demerger, establishing CWI and Worldwide as separate firms, is now due to be completed by the end of March. To ensure both new firms have enough cash to meet their debts and operate, Cable and Wireless …
The Register breaking news

Telco compares merger to Challenger space shuttle

Top brass at Thus are celebrating their merger with Cable and Wireless by modestly telling staff through the medium of leaving large cardboard junk around offices that "a new era of telecoms" has begun. So far, so tedious consolidation. But an eagle-eyed Reg spy noticed their equally modest choice of metaphor - that of …
The Register breaking news

UK.gov told not to subsidise superfast broadband

Francesco Caio, the former top cable and Wireless beancounter tasked by the government with an economic analysis of next generation internet deployment in the UK, has come out against subsidies for fibre. In his widely-trailed report for the Department for Business, Enterprise and Regulatory Reform, released today, Caio said …
The Register breaking news

Thieves take out Cable & Wireless centre

Updated Cable and Wireless's Watford network site went offline at 1am this morning, after thieves apparently stole vital equipment. Several Reg readers emailed us to report the outage when websites hosted at the Watford centre suddenly went kaput. They were told robbery or vandalism caused the downtime. The outage has been blamed for …
The Register breaking news

C&W closes in on Thus acquisition

Cable and Wireless has increased its offer for smaller rival telco Thus Group, as it bids to gain weight for its battles against BT for big business contracts. C&W's surprise first 165p per share offer for Glasgow-based Thus was rejected by its board early in June. Today's improved 180p per share bid values Thus at about £ …
The Register breaking news

Thus Group gives amorous Cable and Wireless the brush off

Cable and Wireless has shuffled alongside smaller business telecoms outfit Thus Group, mumbling that it possibly might want to make an offer to buy it, to be greeted today with a polite "we're alright, cheers". A C&W statement alongside news of its romantic whispers said: "This announcement does not amount to a firm intention …
The Register breaking news

Bulldog fingers sacked employee for credit card scam

Cable and Wireless, the former owner of ISP Bulldog, has blamed a sacked employee for the illegal use of a database containing 100,000 customer details. The firm has taken out a High Court injunction against the woman, named by the BBC as Seemab Zafar, who was canned by Bulldog in 2005 after failing to return as planned from a …
The Register breaking news

Cable and Wireless asks Bulldog data theft victims to get in touch

Cable and Wireless says there is no evidence that credit card details were taken in a data breach that led to complaints from customers who received unsolicited marketing calls. A spokeswoman told The Reg the telco couldn't say what exactly had been stolen. The Guardian reported that unspecified information about 100,000 …

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