Published: 30 June 1998 13:50 GMT
Cable & Wireless (C&W) looks set to gain MCI's entire Internet business following reports this morning that it is in exclusive talks with the US telco. The deal is estimated to be worth as much as $3.5bn (£2.2bn) and could be clinched as early as this week.
C&W has bought only MCI's wholesale Internet backbone services until now, but Karl Van Miert, EU competition commissioner, indicated last week that the US giant would need to sell off its entire Internet services business to get approval for its acquisition by WorldCom.
The deal would put C&W in a strong position to enter the US corporate and residential market. The EU is expected to announce approval of the WorldCom-MCI merger on 8 July, after MCI has signed an outline agreement with C&W.
A midlands based group is currently undertaking a strategic review of the business after the recent merger / acquisition of a competitor. The review ...
Their growing portfolio of solutions covers Wholesale Voice and Data, Carrier Services, Wireless Networks, Telco System integration and much more ...
While operating their own national voice and data network, providing voice, mobility, network / data solutions to government, corporate and wholesale ...
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