C&W loan uses One2One as security

C&W loan uses One2One as security
Alex Mayhew-Smith Cable & Wireless (C&W) is set to raise ?3.8bn through a secured loan on the basis of its 50 per cent stake in mobile phone operator One2One. The company said the loan would be used to pay capital expenditure bills and to fund its current bid to take over IDC, the Japanese telecoms operator. C&W is still considering a possible sell off of its stake in One2One.


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