C&W unloads US voice retail business

News

C&W unloads US voice retail business

Cable & Wireless (C&W) is to sell its US retail voice customer base to a subsidiary of Primus Telecommunications Group in Virginia, USA, for $32m (£21m) in cash.

The deal, which is part of the London company's restructuring of its US operations, is subject to approval by US regulatory authorities, C&W said in a statement. The company is focusing on providing IP (Internet Protocol) data and hosting services to corporate customers.

C&W said it would update investors on the progress of the restructuring of its US operations when it publishes its interim results in November.

Currently, C&W offers IP-based services in 33 countries around the world.

Email Alerts

Register now to receive ComputerWeekly.com IT-related news, guides and more, delivered to your inbox.
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy
 

COMMENTS powered by Disqus  //  Commenting policy