Cable & Wireless announced a bilateral traffic collection and termination deal with Completel, a leading national infrastructure-based carrier serving medium and large businesses in France. Under the agreement, Completel will provide its network to connect Cable & Wireless customers’ sites, particularly through direct fiber connection, and to collect and carry these customers’ traffic to Cable & Wireless’ international PoP in Paris. The British operator will carry a significant proportion of Completel’s customers’ international voice traffic over its global network.
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- In June 2003, Cable & Wireless announced a major restructuring under which it will withdraw from the U.S. market. Earlier in the year, Cable & Wireless had been optimistic that it could continue to build its business serving multinational enterprises and other carriers in the U.S. However, Cable & Wireless has now concluded that there is not a long-term viable business model, as its U.S. operations continue to consume cash and have had limited interaction with the rest of the Cable & Wireless group. At the time, Cable & Wireless said it would concentrate its efforts on the UK, where its market share is second only to BT. The larger strategy is to create a group of profitable national telecom companies with strong positions in their primary markets.
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In April 2003, Cable & Wireless appointed Francesco Caio as its new CEO, replacing Graham Wallace. Caio formerly served as CEO and founder of Netscalibur and previously CEO of Omnitel and Merloni. Cable & Wireless also named Kevin Loosemore to serve in the newly created position of COO. Loosemore previously was Regional President for EMEA of Motorola and formerly CEO of IBM UK.
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In November 2002, Cable & Wireless first announced plans to withdraw from domestic business markets in the US and in Continental Europe — except for multinational Enterprise and Service Provider customers.