Cable & Wireless Communications (CWC) today officially launched itself as a #5 billion telephone and multimedia operator, as it began trading on the London and New York stock exchanges.
With a 53 per cent stake, Cable & Wireless owns the majority of CWC. Nynex and Bell Cablemedia own 18.5 per cent and 14.2 per cent respectively. The remaining 14.7 per cent is publicly held.
Cable & Wireless also announced today the appointment of IBM?s former general manager of OEM products, John Baits, as director of technology. Baits will be responsible for the group?s technology planning, network architecture, product and service development, information systems and strategic supplies management. Baits had previously worked at IBM in various posts for 25 years.
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