
Cable & Wireless plc has a rich history that dates back to 1868 when it was founded by Charles Tilston Bright and Frederick Abel. The company's early days were marked by its involvement in the development of the first transatlantic telegraph cable.
The company's name change to Cable & Wireless plc occurred in 1991, following a merger with General Post Office. The merger brought significant changes to the company's operations and structure.
Cable & Wireless plc's early success can be attributed to its innovative approach to telecommunications. The company played a crucial role in the development of the first commercial telegraph service between England and India in 1870.
Company History
Cable & Wireless plc was established in 1860 in England.
The company went through a significant transformation in 2001, selling its 52.5 percent stake in Cable and Wireless Optus to SingTel, making it the second-largest corporate deal in Australian history.
In November 2001, Cable and Wireless acquired Exodus Communications for US$800 million, and merged its operations with Digital Island to form Cable and Wireless America.
Cable & Wireless purchased Guernsey Telecoms from the States of Guernsey in May 2002.
The company announced its withdrawal from the US corporate market in 2002, selling its operations to Primus Telecom.
Cable & Wireless acquired Energis for £674 million in August 2005, resulting in a reverse takeover with John Pluthero appointed from Energis to head the UK business.
Here are some key dates in Cable & Wireless' history:
- 2001: Sold 52.5% stake in Cable and Wireless Optus to SingTel
- 2001: Acquired Exodus Communications for US$800 million
- 2002: Purchased Guernsey Telecoms from the States of Guernsey
- 2002: Withdrawn from the US corporate market
- 2005: Acquired Energis for £674 million
- 2010: Demerged as Cable & Wireless Communications
- 2012: Acquired by Vodafone for £1.04 billion
Cable & Wireless completed the purchase of Thus plc in October 2008, rebranding it as "Thus, a Cable & Wireless business".
Cable & Wireless
Cable & Wireless was born out of the vision of John Pender, a Manchester cotton merchant who joined the English and Irish Magnetic Telegraph Company in 1852. This marked the beginning of a long journey that would eventually lead to the formation of Cable and Wireless Communications.
The company's early success was largely due to Pender's entrepreneurial spirit and his ability to merge numerous telegraphic cable companies into a single entity. By 1866, Pender had played a crucial role in laying the first successful transatlantic telegraph cable.
In 1869, Pender founded the Falmouth, Gibraltar and Malta Cable Company and the British Indian Submarine Telegraph Company. This move connected the Anglo-Mediterranean cable to Britain and India, respectively, marking a significant milestone in the company's history.
The London to Bombay telegraph line was completed in 1870, with the cable landing at Porthcurno in Cornwall. This location would go on to become the company's global hub and is now home to its archive and a telegraph museum.
The Eastern Telegraph Company was formed in 1872, with Pender as its chairman. Over time, the company took over several other companies, leading to a name change to The Eastern and Associated Telegraph Companies.
By the early 20th century, the company faced a new challenge with the rise of wireless radio technology. Marconi's Wireless Telegraph Company began to develop a chain of ships using short-wave radio communications that could compete with undersea cables.
In 1924, Marconi successfully telephoned Australia using short-wave radio, marking a significant breakthrough in wireless technology. The British Post Office soon followed with a contract to set up circuits with Canada, Australia, South Africa, and India.
The 1928 Imperial Wireless & Cable Conference was convened to establish the best way to manage these two technologies and protect British interests. This led to the formation of Imperial and International Communications Ltd, which was later renamed Cable and Wireless Limited in 1934.
Broaden your view: Radio Marconi
Key Events
Cable & Wireless plc has a rich history spanning over a century. The company was established in 1860 and was initially known as the Submarine Telegraph Company.
In 2001, Cable and Wireless sold its 52.5 percent stake in Cable and Wireless Optus to SingTel, marking one of the largest corporate deals in Australian history.
The company's growth was not without its challenges, however. In 2004, SAVVIS Communications Corporation purchased Cable and Wireless America for $155 million, assuming liabilities of around $12.5 million.
Here's a brief timeline of key events in Cable & Wireless plc's history:
- 1901: Cable & Wireless Ltd is formed to manage British Empire's communications methods.
- 1947: Cable and Wireless is nationalised by the British government.
- 1981: Cable & Wireless is partially privatised, with the sale of 49% of the company.
- 1996: Mercury is merged with three cable operators in the UK and renamed Cable & Wireless Communications.
- 2006: Group chairman Sir Richard Lapthorne decides to split the business into two divisions.
- 2012: Vodafone announces an agreement to acquire Cable & Wireless Worldwide for £1.04 billion.
2001 to 2013
In 2001, Cable and Wireless sold its 52.5 percent stake in Cable and Wireless Optus to SingTel, making it the second-largest corporate deal in Australian history.
This deal marked a significant shift in Cable and Wireless's operations, paving the way for future acquisitions and changes.
The company acquired Exodus Communications for $800 million in November 2001, merging its operations with Digital Island and renaming it Cable and Wireless America.

Cable and Wireless purchased Guernsey Telecoms from the States of Guernsey in May 2002, expanding its reach in the region.
Later that year, the company announced its withdrawal from the US corporate market, selling its operations to Primus Telecom.
In 2004, SAVVIS Communications Corporation purchased Cable and Wireless America for $155 million, assuming liabilities and assets including the former MCI IP backbone.
Cable and Wireless acquired Energis for £674 million in August 2005, resulting in a reverse takeover with John Pluthero appointed as the head of the UK business.
The company cancelled its American depositary receipts program in December 2005, voluntarily delisting from the New York Stock Exchange.
In 2007, Cable and Wireless sold the Web Technology Group, which focused on internet systems for the UK government, and in March sold its cabling business Allnet.
The company completed the purchase of Thus plc in October 2008, rebranding it as "Thus, a Cable & Wireless business".
Cable and Wireless announced its intention to separate the Cable & Wireless Communications Group and the Cable & Wireless Worldwide Group in November 2009.
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The Cable & Wireless Communications Group demerged as a public company on the London Stock Exchange in March 2010, with Cable & Wireless plc becoming Cable & Wireless Worldwide.
Vodafone announced its agreement to acquire Cable & Wireless Worldwide for £1.04 billion in April 2012, completing the purchase on July 30, 2012.
The company was fully integrated into Vodafone on April 1, 2013, marking the end of Cable and Wireless's operations as a standalone entity.
Curious to learn more? Check out: Cable & Wireless Worldwide
Wireless and Ltd Transition (1901–1945)
The rise of wireless technology posed a significant threat to the cable companies' near-monopoly on international communications. In 1900, Marconi's Wireless Telegraph Company began to develop a chain of ships using short-wave radio communications.
Marconi's Wireless Telegraph Company was a pioneer in wireless radio technology, and its innovations had a major impact on the industry. By 1924, Marconi had successfully telephoned Australia using short-wave radio.
In 1924, Marconi was also given a contract by the British Post Office to set up circuits with Canada, Australia, South Africa, and India, known as the Post Office beam wireless service. This marked a significant shift towards wireless communication.
Additional reading: Marconi and Marconi Wireless Station National Historic Sites

The 1928 Imperial Wireless & Cable Conference was convened to establish the best way to manage the coexistence of wireless and cable technologies. This conference led to a decision to merge the communications methods of the British Empire into one operating company.
Cable and Wireless Limited was initially formed in 1934, following the merger of the communications methods of the British Empire.
Nationalisation and Privatisation Era (1945-1999)
The Labour Party's victory in the 1945 general election led to the nationalisation of Cable and Wireless in 1947. This meant that the company's assets in the UK were integrated with those of the Post Office, which operated the UK's domestic telecommunications monopoly.
In 1979, the Conservative Party government led by Margaret Thatcher began privatising the nationalised industries, starting with Cable & Wireless. The sale of 49% of Cable & Wireless was completed in November 1981.
A licence for a UK telecommunications network was granted to Mercury Communications Ltd, a rival to British Telecom, as part of the privatisation. This was established as a subsidiary of Cable & Wireless in 1982.
Mercury Communications was first licensed in 1982 and became a full public telecommunications operator in 1984. Barclays and British Petroleum were initially investors, but were later bought out by Cable & Wireless in 1984.
One2One was launched as the trading name of Mercury Personal Communications in 1993, offering mobile communications services to the UK market.
Demerger (2006-2010)
In 2006, group chairman Sir Richard Lapthorne made the decision to split the business into two divisions.
Cable & Wireless International managed the group's telecommunications companies in various countries, while Cable & Wireless Europe, Asia and US focused on the enterprise market with a strong presence in the UK.
The Cable and Wireless plc board announced its intention to demerge in November 2009.
This marked a significant shift in the company's strategy, setting the stage for future developments.
In 2014, Cable & Wireless Communications sold its stake in Monaco Telecom to the French entrepreneur Xavier Niel.
The company's future direction was now clear, with a focus on its core businesses.
Expansion and Network
Cable & Wireless has a significant presence in several markets, with a notable expansion into Panama in 1997, where they acquired a 50% share of INTEL, renaming it Cable & Wireless Panama.
Their Panamanian operations are a key part of the Cable & Wireless Communications Group.
In 2004, the group purchased a controlling stake in Monaco Telecom from Vivendi Universal, further expanding their reach.
Their fibre optic network is the largest subsea network in the Pan-Caribbean region, spanning over 45,000 km.
International Expansion (1981-2006)
Cable & Wireless made significant strides in international expansion from 1981 to 2006.
The company entered several markets that remain crucial to the Cable & Wireless Communications Group today.
In 1997, Cable & Wireless bought a 50% share of the Panamanian INTEL (Instituto Nacional de Telecomunicaciones), renaming it Cable & Wireless Panama.
This marked a major milestone in the company's global growth.
The group purchased a controlling stake in Monaco Telecom from Vivendi Universal in 2004.
This strategic move further solidified Cable & Wireless' presence in international markets.
Cable & Wireless' international expansion during this period laid the foundation for its continued growth and success.
Our Network
Our network is truly impressive, spanning over 45,000 km of fibre optic cables that connect the Pan-Caribbean region.
This extensive network provides maximum capacity and durability, ensuring that our services are always available and reliable.
We've designed our network to be highly resilient, with a fully-meshed MPLS backbone that guarantees a minimum of 99.7% availability.
This means you can count on us to provide you with unparalleled connectivity and peace of mind, no matter where you are in the region.
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Frequently Asked Questions
How much are cable and wireless shares worth today?
As of today, the Cable&Wireless share price is 74.600. Check our website for the latest market updates and analysis on this stock.
Who are cable and wireless now?
Cable and Wireless is now a part of Cable & Wireless Communications, an independently listed company. Cable & Wireless Worldwide was acquired by Vodafone Group in 2012.
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