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To: Secret_Agent_Man who wrote (11835)6/8/1998 5:23:00 PM
From: Secret_Agent_Man  Respond to of 50264
 
June 8, 1998 A British Phone Giant Looks to America

nytimes.com

By SETH SCHIESEL

hat a rapid international education it has been for
Richard Brown, who traveled 500,000 miles last year
and can hand out his business card in any of 17
languages. Before becoming chief executive of the far-flung
global telecommunications company Cable and Wireless PLC two
years ago, Brown, an American, had been outside the United
States only twice.

"I came to run this company
having never been to
England before in my life,"
he said in an interview last
week at the company's
headquarters in London.

Now, though, Brown's focus
has again turned to the
United States. Seeking to
expand Cable and Wireless'
presence in this country,
where so far it mainly
resells long-distance service
to business customers, he
agreed two weeks ago to buy
a large portion of the
Internet business of MCI
Communications for $625
million.

The deal, if approved by
regulators, would give Cable
and Wireless one of the
largest Internet operations in
this country. Yet such are the vagaries of the agreement, which is
pegged to MCI's pending acquisition by Worldcom, that Cable
and Wireless might conceivably wind up with a much larger
chunk of the MCI business -- or walk away empty-handed.

But Brown, who in two years has doubled Cable and Wireless
profit, is such an optimist that he speaks of the MCI deal as if it
were already done. "We now are the first non-U.S.-based
company to be a tier-one Internet provider," he said. "We have
leap-frogged the others."

Brown, like almost every executive in the telecommunications
industry, is deeply concerned these days about "the others."

The industry is engaged in a race for financial, technical and
operational bulk in the widespread belief that the global
communications market will end up being dominated by a handful of international giants.


Key Point right here see link for rest of Article.

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