Ambitions. (AT&T may purchase IBM's Global Network)(includes other international business news)(Brief Article)
Economist (US), The, October, 1998
IBM's Global Network, which it slipped on to the market in August, has, as expected, attracted the eye of AT&T, which is in talks with Big Blue over a purchase that could cost up to $4 billion but provide the telecoms giant with a ready-made data-transmission unit.
Cable & Wireless Optus, Australia's second-largest telecoms group, is to go ahead with an initial public offering despite jittery markets. It will be valued at around A$6.65 billion ($3.94 billion). Britain's Cable & Wireless, the largest shareholder, will invest a further A$1.45 billion in the group to bolster its controlling interest; the second-largest shareholder, Mayne Nickless, a logistics and health-care group, will offload its 25% stake through an entitlement offer to its shareholders. ...
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