Cable & Wireless is hurtling towards its own end-of-March deadline
Cable & Wireless is hurtling towards its own end-of-March deadline for appointing a new chief executive amid mounting speculation that the company will succumb to a merger with BT.
BT has refused to comment on the issue, but City sources say the group remains determined to snap up C&W. City sources believe BT approached its rival at the end of last year, shortly after C&W was plunged into turmoil with the abrupt departure of Lord Young, its chairman, and James Ross, chief executive.
The shortlist for the chief executive role at C&W is thought to include Joe Natchio, a high-flyer at AT&T. But there is also a view that the search has ground to a halt because of the rumours about BT.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies