View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
August 8, 1988

CABLE & WIRELESS EXPANDS CABLE-LAYING INTERESTS WITH UKP400,000 ACQUISITION

By CBR Staff Writer

Cable & Wireless Plc, whose Cable & Wireless (Marine) Ltd company already claims to operate the world’s largest commercial cableship fleet, wants to turn itself into a major British subsea engineering and contracting group, and as a first step, it has paid UKP400,000 for a 75% stake in Northern Ocean Services Ltd of Teeside. It says that the company and its Northern Contractors associate are well-positioned for teh substantial expansion that Cable & Wireless can bring. Northern Ocean has a construction base on Teeside and operates three offshore support ships in a joint venture with the Andreas Ugland Group, and will also operate Ugland’s new 1,000 tonne cable laying carousel, and will now have access to all Cable & Wireless (Marine)’s cable-laying equipment – sea ploughs and so forth. It will assume a major role in the laying of Cables’ planned Global Digital Highway, and there are also said to be opportunities for rationalisation as well as synergy. As well as cable-laying, the new group will involve itself in exploitation of undersea hydrocarbons, and other ocean resources, perhaps including subsea minerals.

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU