Why won't Cable & Wireless spend?

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By Jeff Kimber Investors watching the worth of their telecoms investments dwindle in the pa...

By Jeff Kimber Investors watching the worth of their telecoms investments dwindle in the past 12 months have looked at Cable & Wireless as a safe haven in the sector. Following a profits warning last week, however, it has incurred the wrath of the City, and the calls for change are getting louder. Those calls range from a clear outlining of company strategy to reassure investors that C&W's plans are feasible to winding the company up completely and returning all equity to shareholders. Somewhere in between there is the possibility that, with its £4bn cash pile (set to rise to up t...

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