C&W offloads German assets

18 Jun 2003

Struggling UK telco Cable & Wireless (C&W) [London: CW] has completed the sale of part of its German business to investment company Arques [Frankfurt: BSFG] for an undisclosed sum. The sale is part of the company’s strategic disposal of its operations in continental Europe and follows asset sales in Belgium, Sweden, the Netherlands, Switzerland and Italy.