LONDON-Cable & Wireless announced its discussions with the main shareholders of Bouygues
Telecom regarding the sale of Cable & Wireless’ 20-percent interest in Bouygues Telecom to them have not yet
resulted in an agreement. The negotiations had been based on a price of $754.2 million in cash.
Cable & Wireless
said that due to the time the negotiations have taken and the re-rating by the market of the value of mobile properties, it
recently has held discussions with other potential acquirers. As a result, financial investors have made offers in excess
of the above value for the Bouygues Telecom interest. Discussions with these interested parties continue, said Cable &
Wireless.
