UK: TAKEOVER RUMOURS LIFT C&W

Article Abstract:

Following the news that Deutsche Telekom of Germany has been raising funds for acquisitions in Europe and the US, shares in Cable & Wireless (C&W) of the UK have risen due to speculation that it could be one of the takeover targets. Rumours suggest that Deutsche Telekom could buy C&W for GB[pound] 32bn, providing the German company with access to the Asia-Pacific region and a strong data communications network. However, both companies have refused to comment on the rumours.

Asset sales & divestitures, Mergers, acquisitions and divestments, Cable and Wireless PLC, Deutsche Telekom AG, ECW Corp.

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UK: GROWING POPULARITY OF MOBILE PHONES

Article Abstract:

Over 1mn people in the UK now possess a mobile phone as opposed to a fixed-line link due to the accessibility and flexibility of the former coupled with the less complicated budgeting arrangements, according to Oftel research. All but 3% of the population now have fixed-line or mobile phone access.

Sales & consumption, Radiotelephone communications, Cellular and Other Wireless Telecommunications, Mobile Radio Services, Cellular telephone services industry, Cellular telephone services, Statistics, Wireless communications services

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UK: NORWEB TELECOM APPOINTS NEW MD

Article Abstract:

Hugh Logan has been appointed as managing director of Norweb Telecom, Norweb's parent company United Utilities has announced. Norweb provide voice and data telecom solutions.

Executive changes & profiles, United Utilities PLC, Norweb Telecom

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