November 20, 2003
C&W: No Sale This Year
Cable & Wireless chief executive officer Francisco Caio said today that the company will not complete the exit of its US hosting business this year. "Our deadline is the end of the next year," said Caio. "We would like to do it before then of course, but I don't think it will be in December."
One group that isn't sitting around waiting for a deal is the Cable & Wireless salesforce. The company says it signed up 450 new clients in the third quarter in the midst of rumors about the unit's future. According to C&W, the orders represent over $32 million in new revenue.
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