Cable & Wireless Extends Longstop Date On Columbus Acquisition

LONDON (Alliance News) - Cable & Wireless Communications PLC on Monday said it has agreed to extend the longstop date on the acquisition of Barbados-based telecommunications and technology services group Columbus International Inc.

Cable & Wirless is acquiring the company in a USD1.85 billion deal.

It said it has agreed with Columbus shareholders to extend the longstop date for the receipt of required approvals and consents for the deal to March 15 from February 28.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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