The wide-ranging review of UK government spending by tax-savvy billionaire retail tycoon Sir Philip Green, which singled out fixed-line telecom procurement as the best example of how hundreds of millions of pounds could be saved, hit the share price of both BT and C&W Worldwide where it hurts. BT's share price dipped nearly 3 percent to 142.9 pence on the London Stock Exchange on Tuesday, while C&W Worldwide saw its stock drop 2.8 percent to 73.7 pence. Thanks, Phil! Nice tan, by the way. (See BT Dips on Green Report.)
JANET , the network that serves the UK's education and research communities, has chosen London-based Exponential-e Ltd. as a key supplier of data transmission services. The Ethernet services specialist is pulling together access and transport connections as part of a four-year deal valued at £80 million (US$127 million). (See Janet Picks Exponential-e.)
More state sell-off news: The Ukrainian government has announced it is to hold a public auction for fixed-line operator JSC Ukrtelecom , in which it holds a 93 percent stake, reports Reuters. The tender will take place on December 28.