Cable&wireless takeover of Energis
Cable&wireless (CW), leading international telecommunication company was serving customers across 80 countries.CW was providing voice and data services to business customers, mobile operators, telecom carriers, and residential customers. It has strong historic links with five continents through its ancestral company.CW clinched the takeover of privately owned Energis for ?GBP 674 million' ($1.2 billion) in 16thAugust 2005. The takeover of ?Energis' would retain the corporate customers of Energis, by strengthening CW position in the tough telecom market. But analyst from ?Dow Jones' felt that the deal would not be spectacular as expected in terms of changing pricing environment of Telecom sector in UK.
Cable&Wireless:
John Pender was established the telegraph construction and maintenance company called as "Telcon" in 17th march 1864 with GBP1,00,000 as capital.Telcon was created with the amalgamation of "Gutta Percha "company and "Glass Elliott" (cable manufacturers of Greenwich). Cable&wireless was played an important role in the development of telecommunications across the globe in the early 1960s.
John Pender established the first telegraph company called as "Falmouth Gibraltar" and "Malta" in 1869; after the completion of cable chain between England and India by means of cables via Gibraltar and Portugal. The cable link was completed on 1870 by connecting London with Bombay. In 1872, "Eastern Telegraph" company was formed by merger of the smaller telegraph companies including "Gibraltar and Malta". This company was extended huge network of telegraphs by creating new pathways as well as doubled and trebled cables on busy existed routes. Eastern t ...