Cable & Wireless Communications CEO admits larger rivals might consider takeover
Cable & Wireless Communications (CWC) Chief Executive Phil Bentley has admitted that the listed Caribbean-focused telecoms group might attract takeover interest from a larger rival, The Sunday Telegraph reported. Bentley, quoted in a longer interview, described CWC as a “big fish” in a small sea and added that CWC is no longer a global player.
Bentley noted that larger players such as AT&T, Carlos Slim, Telefonica and Altice are making acquisitions and investments.
Cable & Wireless Communications’ market capitalisation stood at GBP 2.93bn (EUR 4.12bn) at the close of trading on Friday, 22 May.
Link to article : http://bit.ly/1JP0tN5
Source Sunday Telegraph