Cable & Wireless announces expiry of subsequent offering period for Digital Island tender offer; Cable & Wireless ownership reaches approximately 84.1%. merger expected to be completed on or about August 30, 2001.

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M2 PRESSWIRE-18 July 2001-CABLE & WIRELESS: Cable & Wireless announces expiry of subsequent offering period for Digital Island tender offer; Cable & Wireless ownership reaches approximately 84.1. merger expected to be completed on or about August 30, 2001 (C)1994-2001 M2 COMMUNICATIONS LTD RDATE:18072001 Cable and Wireless plc (LSE: CW.; NYSE: CWP) ("Cable & Wireless") and its wholly owned subsidiaries, Cable & Wireless USA, Inc.

and Dali Acquisition Corp., announced today the expiry of the previously announced subsequent offering period for their tender offer for all of the issued and outstanding shares of common stock of Digital Island, Inc. (NASDAQ: ISLD) ("Digital Island"). The subsequent offering period expired, as scheduled, at 12:00...