As long as the price is right...
Published: 5 October 2001 17:00 GMT
Cable & Wireless is considering buying parts of PSINet as the bankrupt ISP's assets hit the market at bargain prices.
Cable & Wireless is looking at PSINet's assets in Japan and Panama, but CEO Graham Wallace stressed that he would only strike a deal if the price was low enough.
Warning on further turmoil in the telecoms market, he said Cable & Wireless would remain prudent for the next year with its £6.5bn cash reserve.
However, he gave a thumbs up to the web-hosting market, forecasting sharp growth between now and 2005.
Interest in PSINet, which went bankrupt in June, follows Cable & Wireless's recent acquisition of web hosting firm Digital Island.
The company has pledged one billion investment, including the acquisition price, in Digital Island in a bid to take it to profit within three years.
Operations Manager Director Central London based required ASAP by HIGH PROFILE Online Data Storage Company / (ISP related) VERY HIGH PROFILE Company, ...
Linux Administrator - Web Hosting / ISP Location: Stevenage in Hertfordshire Salary - to 38,000 + Benefits Commute from - Luton / Cambridge / Welwyn ...
You key responsibilities will be;- * Development and acquisition of new business within the area of Virtualisation. A demonstrable track record in ...
Agenda Setters 2009
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.
Stories from the web...
Copyright © 2008 CBS Interactive Limited. All rights reserved. Top of page
Digg
Slashdot
Del.icio.us
Stumble
Reddit
RSS Feeds
Rob Bamforth Plenty of life ahead for RFID and NFC From waving your phone at shopkeepers to saving electrical workers' lives
Peter Cochrane Peter Cochrane's Blog: How the telcos could save themselves Doomed network operators could thrive with a bit of innovation