France Telecom denies interest in C&W
Tim Richardson writes in The Register:
France Telecom was kept busy this morning stamping out rumours that it is preparing to splash out £4bn to take over Cable & Wireless.
If the reports are correct, the deal would set the stage for a merger of the firms' ISP arms, Wanadoo and Bulldog.
The Sunday Telegraph quotes one unnamed executive as saying: "There is absolutely no doubt that France Telecom is looking at making a bid for Cable & Wireless."
However, France Telecom has denied the story saying it simply isn't true.
"France Telecom formally denies this information," a spokeswoman for the European telco told The Register.
posted by Fergie @ 6/20/2005 05:54:00 AM
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