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.

Cable & Wireless sells Australian subsidiary
Mon, 26 Mar, 2001 - 11:39

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.

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CourtsHeathrowPlace: BritainPlace: AustraliaPlace: SingaporePlace: Asia-PacificPlace: Hong KongPlace: MalaysiaPlace: AsiaPlace: PacificOrganisation: Cable & WirelessOrganisation: Singapore TelecommunicationsOrganisation: Cable & Wireless OptusOrganisation: SingTelOrganisation: Vodafone PacificOrganisation: British Vodafone GroupOrganisation: C&W OptusOrganisation: 's Cable & WirelessOrganisation: OptusOrganisation: C&WOrganisation: Cable & Wireless HKTOrganisation: Time dotCom
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