Cable & Wireless last week agreed to acquire telecoms rival Energis in a deal that will give Energis creditors between £594m and £800m. The move will give Cable & Wireless more bulk to compete with BT and will lead to 700 job cuts by 2008.
In a statement on the Energis web site, chief executive John Pluthero said, “The deal should complete in the autumn once we have clearance from the Office of Fair Trading and agreement from our rem...
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