A match made in heaven. (merger between British Telecom and Cable and Wireless will be complicated due to financial rules and government regulations)(Brief Article)
Economist (US), The, April, 1996
BRITISH TELECOM, or BT as it now likes to be known, is a big fish in a small pond. With a market capitalisation of Pounds 24 billion ($37 billion), it is far and away Britain's biggest telephone company. But it is not quite big enough to become the all-embracing, global telephone company it has long wanted to be. A merger with Cable and Wireless (C&W), a British telephone company operating in around 50 countries, and worth around Pounds 12 billion, would change all that. But will it go ahead?
They seem to make a perfect match. BT dominates Britain and is strong in America and Europe. C&W has a lucrative 57.5% stake in Hongkong Telecom, and a string of operations in emerging markets in the Caribbean and Asia. Analysys, a British consultancy, reckons that by 2005...
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