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C&W buys two Swiss Internet providers

The British telecommunications company, Cable and Wireless, has bought eight of Europe's top Internet service providers, two of them Swiss. It said it had purchased the eight companies, and another two announced earlier, for a total of $500 million.

This content was published on January 13, 2000 - 10:20

The British telecommunications company, Cable and Wireless, has bought eight of Europe's top Internet service providers, two of them Swiss. It said it had purchased the eight companies, and another two announced earlier, for a total of $500 million.

C&W said it would invest a further $500 million in the companies to expand its Internet protocol (IP) network in Europe. It said it was part of a strategy of developing a European network of high-performance Internet providers focusing on business customers.

The companies acquired in Switzerland are agri.ch, the Internet provider of the Swiss Farmer's Association, and Petrel Communications.

From staff and wire reports

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