Cable & Wireless sells Australian subsidiary
Singapore Telecommunications has won a bidding battle to buy Cable & Wireless Optus, a subsidiary of Britain's Cable & Wireless and Australia's second biggest phone company.
SingTel beat Vodafone Pacific, a subsidiary of the British Vodafone Group, and one other contender for C&W Optus with a bid of up to 4.57 Australian dollars (£1.60) per share.





