View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
January 14, 1997updated 05 Sep 2016 1:08pm


By CBR Staff Writer

Cable & Wireless Plc shares were battered yesterday by a piece in the Independent saying that its planned cable merger had been delayed because of growing disagreements between the partners until The article is absolute rubbish, the company told Reuters, insisting We are on target for spring 1997… and we shall announce the chief executive very soon. The Independent said the proposed 5bn pound merger of phone company Mercury Communications Ltd with three cable companies – Nynex CableComms Plc, Bell Cablemedia Plc and Videotron Group Plc, had hit a series of obstacles. The newspaper cited a clash of cultures, complexities of the merger and a lack of leadership at the new Cable & Wireless Communications as reasons why the merger was unlikely to be completed before the summer. Before it delivered the trenchant denial, Cable & Wireless Plc shares were down 2p at 467.5p.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Websites in our network
Select and enter your corporate email address 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.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.