P205 CEEFAX 205 Thu 16 Jan 21:04/24
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h4%j5 C&W IN DISCUSSIONS
pj5 oz5 WITH AT&T, SAYS FT
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Cable & Wireless is reported to have
been discussing a "global alliance"
with fellow telecoms group AT&T.
A report in the Financial Times said
recent talks to this end had failed to
makj any progress.
But it suggested that a smaller-scale
deal, involving AT&T taking a minority
stakj in C&W's Mercury Communications
offshoot, might still go ahead.
Complicating discussions, the report
said, were regulatory concerns in thj
UK and Hong Kong and the possibility
of a Labour govjrnment coming to power.
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