Cable & Wireless is reported to be close to purchasing $300 million worth of fibre optic communications lines from US carrier Qwest Communications.
The companies are six to eight weeks away from announcing a deal that would significantly boost Cable & Wireless' growing presence in the US, according to a report in 'The New York Times' on Friday.
Cable & Wireless refused to comment on the report.
C&W was almost unknown in the US before this year, when it acquired MCI's Internet business, ahead of MCI's merger with rival US operator Worldcom.
Separately, reports say the European Commission may not back complaints made by Cable & Wireless about the proposed $11 billion alliance between its domestic rival BT and US telecomms giant AT&T.
Cable & Wireless confirmed that it had made comments to the Commission in the past few weeks, but said details of these are confidential.
Ceres, located in the asteroid belt, has a carbonaceous-rich upper crust, SwRI study claims
The spacecraft found traces of hydrogen and oxygen molecules, known as hydroxyls, embedded in the rocky surface of the asteroid
The skeleton was unearthed more than 20 years ago in South Africa
Moon's dark side is mountainous, rugged and never visible from the Earth