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CABLE & WIRELESS AND PACIFIC TELECOM TERMINATE TRT/FTC AGREEMENT

 CABLE & WIRELESS AND PACIFIC TELECOM
 TERMINATE TRT/FTC AGREEMENT
 VIENNA, Va., Nov. 29 /PRNewswire/ -- Cable & Wireless announced today that it has agreed with Pacific Telecom Inc. to terminate its agreement to acquire TRT/FTC Communications Inc.
 Cable & Wireless agreed in January to acquire TRT/FTC, a U.S. domestic and international carrier, subject to normal regulatory approvals. The necessary approvals have not all been obtained and certain closing conditions contained in the agreement have not been satisfied.
 John Davenport, CEO of Cable & Wireless North America Inc., said: "Our gross revenue this year is growing at an annualized rate of 15 to 20 percent. We expect to maintain that level of organic growth as we implement alternative plans for achieving the strategic objectives that the acquisition of TRT was intended to facilitate."
 -0- 11/29/91 R
 /CONTACT: Debra B. Arrington of Cable & Wireless Communications, Inc., 703-734-4534/
 (CWP) CO: Cable & Wireless Communications, Inc. ST: Virginia IN: TLS SU:


MH -- DC006 -- 8101 11/29/91 15:44 EST
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Publication:PR Newswire
Date:Nov 29, 1991
Words:166
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