CABLE & WIRELESS: Cable & Wireless buys leading German Internet Service Provider.

0 Comments | M2 Presswire, January, 1999

M2 PRESSWIRE-14 January 1999-CABLE & WIRELESS: Cable & Wireless buys leading German Internet Service Provider (C)1994-99 M2 COMMUNICATIONS LTD RDATE:040199 -- Purchase maintains company's European momentum Cable & Wireless today announced that it had completed the purchase from ICL, the IT systems and services company, of ECRC Network Services GmbH, an independent German Internet service provider (ISP), for GBP 27.5 million in cash.

The deal is a key part of Cable & Wireless' expansion plans within the fast-growing European Internet market and will give the company direct access to the German corporate and wholesale Internet markets. Cable & Wireless is also in the process of opening substantial operations in Dusseldorf and Frankfurt to service the...

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