C&W considers acquisition spree

According to a report in the Financial Times, Cable & Wireless is mulling a series of acquisitions overseas in order to convince investors the company is set to attain longterm financial stability. CEO Harris Jones expressed an interest in buying Jersey's state-owned telecoms company after the treasury minister of the U.K. crown dependency last month said that it should be sold. Industry pundits also assume C&W will make another bid for KeyTech, Bermuda's main telecoms company, after its bid for 113 million stg was rejected last month.

For more on C&W's upcoming acquisition spree:
- see this article from AFX