Euronews: C&W Worldwide Mulls Asset Sale

Cable & Wireless Worldwide plc (London: CW), Huawei Technologies Co. Ltd. and an update on the Spanish 4G spectrum auction top the Euronews charts today.

  • 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.)

  • Huawei has landed a pan-European DWDM deal, as Danish incumbent TDC A/S (Copenhagen: TDC) has selected the Chinese vendor to be part of its national and international optical transport network. (See Euronews: Telecom Italia Gets Closer to Huawei.)

  • Spanish mobile spectrum is in hot demand it seems. The Spanish government has approved 11 bidders for the upcoming 4G spectrum auction. There is 270MHz of spectrum on offer in the 800MHz, 900MHz and 2.6GHz frequency bands. Bidders include Telefónica SA (NYSE: TEF), Vodafone España S.A. , Orange Spain , Jazztel plc and cable operator ONO . The Spanish government hopes to raise €1.5-2 billion (US$2-2.8 billion) from the auction, according to a Dow Jones report. (See Euronews: Spanish Spectrum for Orange & Yoigo.)

  • 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.

    — Michelle Donegan, European Editor, Light Reading Mobile

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