C&W plays down One2One float

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The Independent Online
C&W plays down One2One float

CABLE & WIRELESS yesterday played down reports that it was poised for a pounds 5bn flotation of One2One, the mobile phone operator in which it has a half stake. Sources close to C&W said that its new chief executive, Graham Wallace, would examine a number of options ranging from demerger and trade sale to buying out Media One of the US, the other 50 per cent shareholder.

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