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Split is 'back on agenda'.

TELECOMS giant Cable & Wireless is planning to dust off demerger proposals that will see the group split its UK and international businesses, it was claimed.

The firm is understood to be preparing to announce the move alongside half-year results on Thursday. Cable put the break-up plans on ice last November at the height of the financial crisis due to the stock market turmoil and credit squeeze. But it is believed the group will tell the market it is reviving proposals for separate stock market listings of its UK and international divisions now that the equity market has recovered its poise after the credit crunch.

Cable may look to complete the demerger in the first half of next year - although it is unlikely to commit to a set timetable.

A spokesman for Cable said the decision to postpone its "value realisation" plan was being kept under constant review, but declined to comment further on newspaper reports. Cable is thought to be keen to resurrect the plans to give shares a boost. Major investors are also reportedly pushing to see the break-up back on the agenda.
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Title Annotation:Business
Publication:Huddersfield Daily Examiner (Huddersfield, England)
Date:Nov 3, 2009
Words:184
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