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Bulldog & Wanadoo To Merge?

Posted: 20th Jun, 2005 By: MarkJ
France Telecom (Wanadoo) has denied morning reports that suggested the operator might be preparing to invest £4bn in a takeover bid for Cable & Wireless (Bulldog):

France Telecom denied the report, with a spokesman describing it as "pure fantasy", and some observers have suggested that C&W could be looking to encourage takeover speculation. C&W's share price has risen over 20 percent since the start of May, which appears to suggest that a bid is likely.

Experienced readers will no doubt be aware that a denial in this industry offers about as much clarity as a brick wall.

However, with NTL and Telewest teaming up, a merger between C&W and FT seems more probable than ever before. More @ ZDNet.
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