Cable & Wireless Worldwide, which de-merged from Cable & Wireless Communications in March last year, is considering selling off its international assets to focus on its U.K. business, reports The Financial Times (subscription required). The company delivers services to large multinational businesses, governments and carriers across the U.K., Asia/Pacific, India, Middle East and Africa, Continental Europe, and North America, and it operates a 500,000-kilometer global network. The FT reports that Pacnet has made an offer of $500 million for C&W Worldwide's international assets and that Tata Communications Ltd. may also be interested in bidding. (See C&W Does the Splits and C&W Comms Demerges.)
British spectrum also makes the news today as U.K. regulator Ofcom just gave the go-ahead for mobile operators to trade spectrum. The new spectrum-trading rules cover frequencies in the 900MHz, 1800MHz and 2100MHz bands and are designed to give operators more flexibility and ensure that the spectrum is used most efficiently.