View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 25, 1988

CABLE & WIRELESS SETTLES FOR FIBRE CAPACITY IN US

By CBR Staff Writer

Cable & Wireless Plc’s plan to girdle the globe with digital fibre optic telecommunications cables remains intact, but the company has decided that it doesn’t need to own the cable in the US, simply to own capacity rights on it. Accordingly it has ceded management control of its Electra cable system in Texas to Communications Transmission Inc of Austin: Communications Transmission bought out Cables’ prevous 50-50 partner on the Electra system, the Missouri, Kansas & Texas Railway in April. Cable & Wireless has also given Communications Transmission a three-year option to buy out its 50% stake for an initial $23m. C&W has $50m invested in Electra.

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