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The information below comes from the UK Activity Report.
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Cable & Wireless Pipex Communications is to acquire Toucan, the telecoms services provider, from IDT Telecom for £24m, as well as the Bulldog broadband business from Cable & Wireless for £12m. 08-Sep-2006 Cable & Wireless is looking to sell its 112,000-strong consumer broadband customer base, having appointed NM Rothschild to find a buyer. 03-Jul-2006 Cable & Wireless is to shed up to 150 mainly sales and marketing jobs in its Bulldog broadband business, in order to focus on the wholesale side of the business. 12-Jun-2006 Cable & Wireless is to relocate up to 740 staff from the former Energis site in Reading to Bracknell in July. 11-May-2006 Cable & Wireless is planning to reduce its UK workforce from 5,500 to less than 3,500 over the next few years, as part of a strategy to focus its telecoms business on a smaller number of large corporate customers. 01-Mar-2006 Cable & Wireless is to acquire Energis, the telecoms network operator with 1,550 staff in Leeds, London, Reading and Dublin, in a deal worth £837m, and is planning to shed 700 jobs across the combined group by 2008. 17-Aug-2005 Cable & Wireless is to shed a further 480 sales and marketing jobs in its UK telecoms business over the next year. 10-Mar-2005 Cable & Wireless is to relocate its head office from London to Bracknell, as part of a reorganisation of its telecoms business that will involve the loss of 600 jobs across the UK and Europe. 11-Nov-2004 Cable & Wireless is to invest up to £50m in the provision of broadband internet services over the next 12 months, and a further £35m the following year. 20-Sep-2004 Cable & Wireless is to increase its customer services and sales staff in Leeds and Sunderland from 30 to 60. 02-Aug-2004 Cable & Wireless is to invest £70m in the development of broadband services, and is planning to install its own telephone equipment in 200 of BT's busiest exchanges. 03-Jun-2004 Cable & Wireless is to acquire Bulldog Communications, the provider of broadband services, for £19m. 31-May-2004 Cable & Wireless is to shed a further 1,500 jobs from the 5,700-strong workforce in its UK telecoms business, and has also announced plans to withdraw from its lossmaking US division. 05-Jun-2003 Cable & Wireless is said to be planning to shed about 200 jobs at its London headquarters, while several hundred jobs will be lost elsewhere in the group. 30-May-2003 Cable & Wireless has announced plans to shed 3,500 of the 12,500 jobs in its global telecoms business, with its US operations being hardest hit. 14-Nov-2002 Cable & Wireless is to sell its retail voice customer database in the US to Primus Telecommunications for £20m, and further US disposals are expected to follow. 17-Sep-2002 Cable & Wireless has won approval from the Guernsey parliament to acquire Guernsey Telecom for £30m, and will invest £5m in the island's e-business infrastructure. 31-May-2002 Cable & Wireless is to acquire PSINet Japan, the supplier of internet services, for £7.2m. 11-Dec-2001 Cable & Wireless is planning to buy Exodus Communications, the US web-hosting company currently in Chapter 11 bankruptcy protection, in a £700m investment. 03-Dec-2001 Cable & Wireless is to acquire Digital Island, the US internet services group, for £239m. 15-May-2001 Cable & Wireless is considering plans to combine its seven Midtown offices into a single head office outside central London, and is seeking suitable premises of about 225,000 sq ft. 30-Apr-2001 Cable & Wireless has sold its 14.7% stake in Pacific Century Cyberworks, the Hong Kong phone operator, raising a further £1bn for acquisitions. 03-Apr-2001 Cable & Wireless is planning to shed 4,000 jobs over the next 12 months, mainly in the UK and the US, and is also looking to further reduce costs by outsourcing more operations. 14-Mar-2001 Cable & Wireless has announced plans to expand its Globalnet high-speed internet access service into the UK and other European countries. 22-Feb-2001 Cable & Wireless is to invest £300m in a new transatlantic cable being built by Alcatel to carry internet traffic, and will become the exclusive distributor of capacity. 15-Jan-2001 Cable & Wireless is to shed up to 75 jobs at offices in Milton Keynes and Bletchley, where about 650 staff are employed in processing bills and accounts. 08-Dec-2000 Cable & Wireless has acquired ML Integration, the integrator of voice and data networks, for undisclosed terms. 27-Nov-2000 Cable & Wireless is considering plans to outsource its £800m property portfolio, and talks are underway with five facilities management groups. 27-Nov-2000 Cable & Wireless is to set up a customer service call centre at the Atlas Business Park near Manchester Airport next year. 01-Nov-2000 Cable & Wireless is to invest £970m in the development of a new optical fibre network in Japan over the next five years, which will double the workforce at its IDC division to 2,000. 31-Oct-2000 Cable & Wireless is to switch its voice traffic to a new internet-based network over the next three years, as part of a £1bn project with Nortel Networks. 03-Oct-2000 Cable & Wireless has bought five more small internet companies for £67m, including Eaisa of Spain, Pictime of France, Point of Presence of Germany, and Widex and Impact of the Netherlands. 19-Jul-2000 Cable & Wireless is investing £13m in GorillaPark, the Amsterdam-based internet investment company, and the money will be used to invest in about 15 start-up companies. 05-Jul-2000 Cable & Wireless is forming an alliance with Microsoft to develop software products that can be accessed remotely over the internet. 07-Jun-2000 Cable & Wireless has announced plans to invest £2.5bn in the creation of a new global telecoms division. 19-May-2000 Cable & Wireless has acquired a 51% stake in Ipergy Communications of Brussels for undisclosed terms, as part of a strategy to develop a pan-European internet business. 19-Apr-2000 Cable & Wireless has acquired Jaguar Communications, the St Albans-based network integration company. 10-Apr-2000 Cable & Wireless is to sell its Hong Kong telecoms subsidiary to Pacific Century Cyber Works for £22bn. 01-Mar-2000 Cable & Wireless has bought a further eight internet service providers in continental Europe, and is looking to invest a further £300m in the expansion of its network. 14-Jan-2000 Cable & Wireless is considering plans to acquire a stake in TTNet, the Japanese telecoms carrier affiliated with Tokyo Electric Power. 15-Dec-1999 Cable & Wireless is acquiring a strategic stake in Internet Commerce Corporation of the US for £6m, as part of a strategy to become a global internet services company. 02-Dec-1999 Cable & Wireless is linking up with Compaq to invest $500m in the creation of a global joint venture to provide a full range of internet-based services to small and medium sized companies. 19-Nov-1999 Cable & Wireless is setting up 20 web-hosting centres throughout the world over the next three years, in order to provide the infrastructure and network management for companies wishing to set up their own web sites. 04-Nov-1999 Cable & Wireless is to sell its 19.5% stake in Bezeq of Israel to Zeevi Communications for £380m, as part of a strategy to focus on providing services to multinational businesses. 25-Oct-1999 NTL is buying Cable & Wireless Communications' residential cable assets for £8.2bn, while Cable & Wireless is buying the remaining 47% of CWC in a £6.5bn deal. 27-Jul-1999 Cable & Wireless is considering plans to sell its 30% stake in MobileOne, the Singapore mobile phone operator, to Keppel. 24-Jul-1999 Cable & Wireless has acquired Internet Network Services, the provider of corporate internet access services, for undisclosed terms. 06-Jul-1999 Cable & Wireless is to sell its 20% stake in Bouygues Telecom of France to Bouygues for £700m. 22-Jun-1999 Cable & Wireless has bought back a 50% stake in the One-2-One mobile phone business for £3.8bn, a month after announcing an innovative deal to mortgage the stake. 19-Jun-1999 Cable & Wireless is discussing a possible alliance with Tokyo Telecommunications Network, following its acquisition of International Digital Communications of Japan. 14-Jun-1999 Cable & Wireless has been approached by five European companies interested in acquiring its One-2-One mobile phone business, and they are France Telecom, Vivendi, Deutsche Telekom, Mannesmann Telekom and Telecom Italia Mobile. 11-Jun-1999 Cable & Wireless is to cut 100 managerial jobs at its central London office, and a further 500 staff will be transferred to individual business units. 02-Jun-1999 Cable & Wireless is raising £3.8bn of cash by mortgaging its stake in the One-2-One mobile phone business, in order to provide short-term financial flexibility. 22-May-1999 Cable & Wireless has launched a £344m takeover bid for IDC, the Japanese telecoms operator, which beats a rival offer from NTT. 07-May-1999 Cable & Wireless is selling its undersea cable-laying operation to Global Crossing of the US for £550m, in order to focus on its core business of communications networks. 27-Apr-1999 Cable & Wireless has had a £382m bid for International Digital Corporation rejected by the Japanese company in favour of a rival offer by NTT. 17-Apr-1999 Cable & Wireless and MediaOne are considering plans to sell One-2-One, the mobile phone business that is estimated to be worth about £8bn. 25-Mar-1999 Veba of Germany has sold a 10.2% stake in Cable & Wireless to institutional investors for £1.8bn, as part of a strategy to sell off non-essential shareholdings. 16-Mar-1999 Cable & Wireless is considering plans to float the One-2-One mobile phone business, which could be valued at more than £5bn. 01-Mar-1999 Cable & Wireless has acquired ECRC Network Services, the German internet service provider, from ICL for £27m. 05-Jan-1999 Cable & Wireless is to invest $1bn over the next five years in the expansion of its communications network into mainland Europe, and the funds will be used to obtain licences and build fibre optic networks around specific cities. 17-Nov-1998 Cable & Wireless has abandoned its alliance with Telecom Italia, although it is still expected to go-ahead with the previously announced sale of its stake in Bouygues Telecom to Telecom Italia and others. 12-Nov-1998 Cable & Wireless is investing a further £595m in Optus, the Australian telecoms group, as part of a flotation and restructuring plan that will see its stake rise from 49% to 52.8%. 01-Oct-1998 Cable & Wireless is planning to spend $1bn over the next five years to expand the internet business recently acquired from MCI of the US. 16-Sep-1998 Cable & Wireless is planning to invest a further £44m in Ireland, creating 300 jobs in Dublin and Shannon. 12-Sep-1998 Cable & Wireless is to sell its 25% stake in Mobile Telephone Networks of South Africa to Johnnies Industrial and Transnet for about £257m, as part of a strategy to focus on key markets. 21-Aug-1998 Cable & Wireless has raised its stake in Bezeq, the Israeli telecoms carrier, from 10% to 13% in order to strengthen its position in the local market. 28-Jul-1998 Cable & Wireless is set to buy the internet assets of MCI in a £1.2bn deal, in order to allow the US company to win regulatory approval for its merger with WorldCom. 15-Jul-1998 Cable & Wireless and Telecom Italia have announced that a number of agreements between the two companies have fallen through, including deals for Telecom Italia to acquire a 20% stake in C&W West Indies, a 5% stake in C&W's North American business, and a 20% stake in Bouygues Telecom. 14-Jul-1998 Cable & Wireless is considering plans to sell its mobile services division to one of the four mobile telephone network operators. 03-Jun-1998 Cable & Wireless has bought the internet backbone business of MCI of the US for £385m, beating off competition from two unnamed US groups and giving C&W access to large US corporate customers. 29-May-1998 Cable & Wireless is planning to secure operating licences in France, Italy, Belgium, Spain and Germany, by the end of the year, enabling it to offer telecoms services to business customers in over 20 European cities. 14-May-1998 Cable & Wireless is selling a 20% stake in Bouygues Telecom of France, a 20% stake in its West Indies business, and a 5% stake in its North American business, to Telecom Italia as the two companies begin to build up a global partnership. 16-Apr-1998 Cable & Wireless is discussing a possible alliance with Telecom Italia that could result in the creation of one of the world's largest carriers of international telecoms traffic. 11-Apr-1998 Cable & Wireless is selling its 22% stake in OCCEL, the Colombian mobile phone service, to Bell Canada International for £58m. 28-Mar-1998 Cable & Wireless has given its support to an agreement for Hongkong Telecom, in which it holds a 54% stake, to surrender its monopoly on international services in Hong Kong six years earlier than planned in exchange for £530m compensation. 21-Jan-1998 Cable & Wireless is to invest £60m in the creation of a mobile phone operation in Panama, where it will compete with Bell South of the US. 16-Jan-1998 Cable & Wireless is planning to raise its stake in Bezeq, Israel's state-controlled telecoms company, by 3% to 13% as it aims to become Bezeq's main long-term partner. 03-Jan-1998 Hong Kong Telecommunications, which is 54% owned by Cable & Wireless, is acquiring Pacific Link Communications, the Hong Kong mobile telephone operator currently owned by Vodafone and First Pacific, for £370m. 04-Dec-1997 Cable & Wireless is planning to raise £1bn from the sale of businesses where it has no operational control, and this could include stakes in telecoms companies in France, Latin America, eastern Europe, South Africa and Japan. 13-Nov-1997 Cable & Wireless has sold its remaining 3.9% stake in NetCom Systems of Sweden to a group of Swedish institutions for £37m. 23-Sep-1997 Cable & Wireless is moving its Asia Pacific headquarters from Hong Kong to Australia in order to use its 49% owned Optus Communications business as the vehicle to expand in the region. 30-Aug-1997 One 2 One, the mobile phone operator owned by Cable & Wireless and US West, is to launch a "pay as you go" service next month, which will enable customers to buy airtime vouchers from supermarkets instead of paying monthly rental charges. 29-Jul-1997 Cable & Wireless is increasing its stake in Optus Communications of Australia to 49% at a cost of £445m, giving it management control and strengthening its position in the Asia Pacific region. 02-Jul-1997 Cable & Wireless is to give up control of its Hongkong Telecom subsidiary to China Telecom, and in return will become the main telecoms investor in a new venture in China. 07-Jun-1997 Cable & Wireless is linking up with Maersk Data to launch a telecoms service for the container transport industry. 06-Jun-1997 Mercury Telecommunications has won contracts worth up to £100m from the government's Central Computer and Telecommunications Agency, covering voice, data and mobile services. 21-May-1997 Cable & Wireless is joining a consortium that includes Hongkong Telecom, The Keppel Group and Singapore Press Holdings, to bid for Singapore's second national telecommunications licence. 14-May-1997 Cable & Wireless is planning to merge its Russian telecoms operations with those of US West in order to compete with the large domestic operators. 07-Mar-1997 Cable & Wireless has sold over half its stake in NetCom Systems of Sweden for a profit of £40m, reducing its holding to 4.6%. 13-Feb-1997 Cable & Wireless has ended its European telecommunications partnership with Veba by selling its stake in their Vebacom joint venture to the German company for £820m. 08-Feb-1997 Cable & Wireless is in joint venture talks with Veba of Germany and Stet of Italy, and expects a deal to be completed within six months. 24-May-1996 British Telecom and Cable & Wireless have restarted discussions about a merger which would see C&W acquire BT in a reverse takeover. 29-Mar-1996 Cable & Wireless is joining the Indonesian PT Daya Mitra Malindon telecoms consortium to lay 237,000 new phone lines in Kalimantan and run the system for 15 years. 25-Mar-1996 British Telecom and Cable & Wireless have failed to agree terms for a merger, apparently because C&W felt that BT was putting too low a value on its business. 11-Mar-1996 Cable & Wireless Europe is seeking a role in the proposed global telecoms alliance between IBM and Stet, which aims to supply a range of networked telecom and computer services to international business. 23-Oct-1995 Cable & Wireless and NTT are in a venture to sell a new mobile phone, the Personal Handyphone System, outside Japan. 05-Oct-1995 The information above comes from the UK Activity Report Copyright UK Business Park 1995-2007