(Evening Standard via NewsEdge) Cable & Wireless, which is sitting on a 343 million pound ($650 million) cash pile, is considering going on a buying spree to boost its international business.
'We intend to be more robust in looking at more acquisitions,' Harris Jones, C&W's CEO of international businesses, told reporters.
He said he was confident of increasing revenue through organic growth and acquisitions and was interested in buying a state-owned telecoms company on Jersey in the Channel Islands.
C&W is also expected to make a revised offer for Bermuda telecoms firm KeyTech.
The executive also suggested that efforts to improve C&W's troubled UK operations will have no impact on his strategy.
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