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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...

Published: 16 Sep 2002 13:17
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.

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