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To: Caxton Rhodes who wrote (2640)	6/17/1998 5:30:00 PM
From: Anthony Wong	Read Replies (1) \| Respond to of 11568

Cable & Wireless To Review Options If MCI Deal Fails: CEO June 17, 1998 2:14 PM NEW YORK (Dow Jones)--Cable & Wireless PLC (CWP) will review other alternatives if its proposed plan to acquire the Internet-backbone assets of MCI Communications Corp. (MCIC) does not work out, according to Chief Executive Richard Brown. Last week Cable & Wireless filed a complaint against MCI, seeking to force the company to comply with its agreement to sell its Internet-backbone service business to Cable & Wireless for $625 million in cash. "The situation we have now, the $625 million offer, is something we like," Brown said in an interview on CNBC Wednesday. "We knew it may very well change and if it does, we may have to assess again what it is and what it may cost." The executive noted that representatives from both MCI and Cable & Wireless are talking on a daily basis. But the real decision is left to the government regulators on both sides of the Atlantic, Brown said, noting that there is a lot of speculation about the final outcome. He said Cable & Wireless will continue to look for opportunities on the Internet, which he believes is the "future of communications. "Outside of the U.S., we carry about one-third of the world's Internet traffic," Brown said. "So if this doesn't work out, by chance, we will find another way to accomplish something similar." -Nicole Ridgway; 201-938-5174