Cable & Wireless Plc is planning to forge further links with Veba AG, the company told Reuters. We’re in the very advanced stages of negotiations and hope to sign the agreement shortly, it said, responding a query about a Sunday Telegraph report that the two will sign an agreement this week on exploiting Europe’s liberalising telecommunications market, possibly through the creation of a European-wide Personal Communications Network. This could involve links between Cable and Wireless, Veba and its partners, it said. Veba bought a 10% stake in Cable & Wireless in the market this year.
