BTC Not Affected By Sale Of Cable & Wireless Worldwide
May 4, 2012
In an official statement to media, BTC clarifies the difference between the two companies and emphasizes there is no impact to business.
“The sale of Cable & Wireless Worldwide Plc to Vodafone for $1.7 billion dollars has absolutely no impact on BTC. Cable & Wireless Worldwide Plc (CWW) was separated from Cable & Wireless Communications (CWC) in March 2010.
“As such, there is no affiliation between CWW & CWC. Both companies have separate listings, board of directors and management teams. CWC is the company which holds the majority share ownership of BTC. As the transaction only includes CWW, this transaction has no bearing on CWC or BTC.”