CABLE AND WIRELESS TO RESTRUCTURE.

• Position: Brief Article

The British telephone company Cable and Wireless, on January 31, announced that it was to restructure after the departure of its CEO, Francesco Caio, at the beginning of the next financial year. His position will disappear in the new structure and the company is expecting a stable EBITDA in the UK in 2006/2007. Cable and Wireless is to split into two independent companies both in the UK and internationally which will invoke a "marked reduction in the size and role of the group's directors". Francesco Caio will continue his duties until the end of the...